A "low interest" loan shouldn't mean you have very little interest in paying it back!
Under the Real Estate (Regulation and Development) Act 2016, the Government of Maharashtra established the Maharashtra Real Estate Regulatory Authority, known as Maha RERA, through Notification No.23 for the promotion and regulation of real estate sector in the state. Â
Through this initiative, the RERA Maharashtra shall encourage promotion and growth of a transparent, healthy, competitive and efficient real estate sector. It shall also strive to protect the interest of promoters, buyers, and real estate agents.Â
Below are the fees and charges associated with RERA Maharashtra:Â
| Type of Transaction | Fee per Transaction* |
| New Project Registration | Rs.750 |
| Project Extension/Withdrawal Request | Rs.500 |
| Annual Fee to Project for Status Updates | Rs.500 |
| New Real Estate Agent Registration/Renewal | Rs.500 |
| Complaint Filing | Rs.50 |
*Excluding taxes and bank charges
Below are the steps to register in RERA Maharashtra:Â
Step 1: Visit Rera Maharashtra OFficial Website. Â
Step 2: Click on ‘New Registration’ to create a new user.Â
Step 3: You’ll be directed to a new window, wherein you’ll have to select ‘User Type’ (promoter/real estate agent/citizen).Â
Step 4:Â Enter all the required information based on your user type selection.Â
Step 5:Â Only after having verified your email ID, you can log in into your account.Â
Documents RequiredÂ
The list of documents required to register is different for a promoter or an agent or as a citizen. Below are the details for your reference:Â
As a Promoter
As an Agent
Mumbai Head OfficeÂ
Maharashtra Real Estate Regulatory Authority, 3rd Floor, A-Wing, Slum Rehabilitation Authority,Administrative Building, Anant Kanekar Marg, Bandra (E), Mumbai 400051 Phone No. 022 68111600Â
Pune Division OfficeÂ
Maharashtra Real Estate Regulatory Authority, 109 to 113, First Floor, Sayajirao Gaikwad Udyog Bhavan, Aundh, Pune -411 007 Tel. No.: 020 29806545Â
Nagpur Division OfficeÂ
Maharashtra Real Estate Regulatory Authority, Administrative Building No.1, 1st Floor, Adjacent to Udyog Bhavan, Civil Line, Nagpur – 440001. Tel. No.: 0712 2551400Â
The main objectives of the RERA Act in the state of Maharashtra are:
The director of Sheltrex Smart Phone City in Kajrat has been directed to refund a sum of Rs.5.71 lakh plus interest. After the Maharashtra Real Estate Regulatory Authority cited violations of the Indian Contract Act for the first time and the Maharashtra Ownership of Flats Act, the company has been given a direct order to return the money from 2010. This was due to a 10-year delay in giving the homebuyer the possession of the flat.
The complaint which the order was based on was filed by Hemanth Khairnar who had booked a flat at Sheltrex Smart Phone City Project 1 in October 2009. The project is in Shirse village of Kajrat and was priced at Rs.7.35 lakh. The allotment letter was given in 2009 as well and the agreement for sale was executed in 2010 along with a promise of possession within 18 months.
However, the developer began constructed only in January 2016 and revised the possession date to December 2020 which records a delay in possession by 10 years. Due to this, Mr. Khairnar wished to withdraw from the project and filed a complaint about a refund with interest.
15 October 2019
The Maharashtra government has now made it mandatory for sale agreements in any ongoing real estate projects to be registered first with the Maharashtra Real Estate Regulatory Authority (MahaRERA) which is associated with the provisions of the Real Estate Regulations and Development Act (RERA). Developers and promoters are also not allowed to market, advertise, book, sell, or offer any ongoing real estate project for sale without it being first registered with the State RERA Authority. Any project that has not yet received a Completion Certificate, but which has received a Commencement Certificate and statutory sanctions is liable to come under the new regulation. This will prevent consumer fraud where money for bookings is taken without any building permissions being taken. If a developer has not got the registration certificate from RERA, promotions of the project will not be permissible, thus preventing any customers from being cheated at any point
25 September 2019
Asset Auction for recovery post RERA is all set to take place next month in Kalyan. The first-ever asset auction will be of a property developer who did not abide by Maharashtra Real Estate Regulatory Authority’s (MahaRERA) rules. The RERA act came into effect on 1 May 2017. A final public notice to auction flat in Falco Woodshire project in Ambivali has been given by Kalyan Tehsildar Amit Sanap, the has issue. The flat 404 belongs to a couple Nikhil and Pradnya SableAs per the notice, the auction is to recover a sum of Rs.51.88 lakh which includes principal sum of Rs.36.86 lakh and interest at 10.5%, from the developer Kambar Constructions. All flats in the auction have base prices ranging from Rs.15-17.30 lakh. The auction will take place based on a revenue recovery warrant issued under Section 40 (1) issued by MahaRERA in 28 June 2018. Sanap said the recovery process takes 5-6 months. The base price of each flat was decided after the public works department examined the flats and decided its current value according to the work completed.
28 January 2019
The investment withdrawal plea of 13 unhappy flat buyers has been set aside by Gautam Chatterjee, the MahaRERA chief on 9th January. These buyers want to withdraw their deposited money from the Bombay Realty's Island City Centre project that’s being built in Dadar.
The MahaRERA chief has said that such a move can jeopardise the entire project and this would have a negative impact on the other 520 flat buyers. After this rejection, these 13 buyers now plan to approach the tribunal.
The primary reasons for their dissatisfaction are multiple changes to the original plan of the flats and their reduced amenities. For instance, the attached balcony and the altered shapes of the rooms are two of the several factors which have angered the buyers.
These people had earlier booked their respective flats during 2012-13. They had earlier filed individual cases but these multiple complaints were clubbed into one followed by passing of a single order. Each flat of these people costs anywhere between Rs.7.5 crore and Rs.10 crore.
21 January 2019
According to reports, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has ordered a realtor to refund Rs.1.58 crore to a home buyer with 10.55% interest from the payment date, for not handing over the property on time. The buyer sought a refund under Section 18 of the Real Estate (Regulation and Development) Act (RERA) for delayed possession of the concerned flat. Though the builder can file an appeal against the refund order before the Maharashtra Real Estate Appellate Tribunal, the appellant has to deposit 30% of the refund amount with the tribunal before the appeal is heard, under Section 43 (5).
13 November 2018
The Maharashtra government has reportedly planned to bring down the minimum registration fees to be paid by a builder or developer to the Maharashtra Real Estate Regulatory Authority (MahaRERA) to Rs.10,000 from the Rs.50,000 being paid by the realtors at present. The authority shall also take the area of the project into consideration as MahaRERA felt that developers working on smaller projects were being burdened by the minimum registration fees of Rs.50,000. According to sources, the state government is planning on revising the registration fees taking the area of the property and the number of flats into consideration. Under MahaRERA (Registration of Real Estate Projects, Registration of Real Estate Agents, Rates of Interest and Disclosures on Website) Rules, 2017, developers and builders of ongoing real estate projects are required to registered their projects with the authority if the occupation or construction certificates are yet to be issued. However, builders believe that it would not be fair on the developers in interior areas being charged Rs.50,000 on their smaller projects.
12 November 2018
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has reportedly intervened in the case of 25 home buyers and passed the judgement in the homebuyers favour. Earlier, the real estate regulatory authority did not accept cases of buildings that had an occupational certificate (OC). However, in a U-turn, the regulatory authority has given a judgement in the favour of the buyers after the authority found out that the developer had denied possession to homebuyers due to a conflict with the landowner. The homebuyers were denied possession despite having an occupation certificate for the building. The buyers had reportedly bought the flats through the landowner. The MahaRERA court ordered the developer to hand over possession of the apartments to the complainants as per the provision of 19(3) of the RERA Act which states that the promoter is liable to handover the possession of the apartment to the allottee on receipt of the Completion Certificate.
9 November 2018
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has until now received close to 200 complaints of home buyers regarding unregistered projects in Mumbai. Over 20 orders have been passed since the hearing process began. In one such case, the bench ordered a real estate developer a penalty of Rs.15 lakh for failing to register the concerned property/project with the authority. Earlier, complainants could directly mail officials regarding unregistered projects of deviant developers. However, the genuineness of the complaints could not be confirmed in such cases. In order to overcome this obstacle, MahaRERA set up an online portal during the month of August 2018 where the citizens could actually act as informants and complain about unregistered residential projects once they pay Rs.5,000. As per Mumbai Grahak Panchayat’s (MGP) recent survey, close to 40% of all the real estate projects in the city were not registered with MahaRERA.
7 November 2018
The Mumbai Grahak Panchayat (MGP) has advised consumers to ensure that no builder is left unregistered with the Maharashtra Real Estate Regulatory Authority (MahaRERA). MGP has also urged the consumers to register complaints in case the developers are errant on its official website. The survey aims at tracking developers who are unregistered with the authority and sharing the details with MahaRERA for further action. Until now, over 17,000 real estate projects have been registered with the regulatory authority. The MGP plans on discussing the issue with MahaRERA once the survey is complete. The MahaRERA was recently praised by the Minister of housing department Hardeep Singh Puri for having resolved over 90% of the complaints registered under the regulatory authority over the past six months. The forum presently consists of two benches, one representative from the consumer forum and another from a renowned developer forum. Once the complaint has been received, the forum tries to reach a settlement between the two parties. Until now, only 15 cases have come up where the issues could not be settled at the entry point itself.
8 October 2018
Hardeep Singh Puri, Union Minister of State, Ministry of Housing and Urban Affairs, praised the Maharashtra Real Estate Regulatory Authority (Maha-Rera) for resolving over 75% of the total customer complaints filed under Rera in the state. Until now, over 16,000 real estate agents and more than 17,000 projects have been registered under Maha-Rera. Speaking at regional workshop on Rera in Pune, Puri complemented Maha-Rera for setting new standards in implementing the landmark regulator. Since the inception of RERA Act in 2017, Maha-Rera has been able to resolve over 75% of the total 4,000 customer complaints successfully. He also added that, Maharashtra Rera has the highest number of real estate agents and project registered under the authority, more than any other Rera authority in the country.
17 September 2018
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