A "low interest" loan shouldn't mean you have very little interest in paying it back!
I'm interested!
    • Icon for Home Loan Eligibility
    Click here to
    Check your Eligibility!

    RERA Maharashtra

    The Maharashtra government instigated the Real Estate Act (Regulation & Development) on 1 May 2017. The administration then established something called the Maha RERA (Maharashtra Real Estate Regulatory Authority) on 8 March 2017, with the headquarters held at Mumbai. Under this act, there was a better transparency in the real estate industry of Maharashtra.

    The chairman of the Maha-RERA is Gautam Chatterjee. He worked as an IAS officer and belonged to the 1982 batch but is retired now. Besides having served as a responsible IAS officer, he was also the Chief Secretary of the Maharashtra Government.

    RERA By Top States/Cities

    Gautam Chatterjee also administered:

    • The DRA (Dharavi Redevelopment Authority)
    • The MHADA (Maharashtra Housing & Area Development Authority), and
    • The SRA (Slum Rehabilitation Authority)

    The office address of the RERA Maharashtra is:

    III Floor, Wing-A,

    Administrative Building,

    Slum Rehabilitation Authority,

    Anant Kanekar Marg, Bandra East,

    Mumbai – 400051

    The official Maharashtra RERA website is:

    https://maharera.mahaonline.gov.in/

    The official phone numbers are:

    022-26590028/ 26590030/ 26590029/ 26590035/ 26590032/ 26590036

    Important Objectives Of RERA Act Maharashtra

    The main objectives of the RERA Act in the state of Maharashtra are:

    • It infuses efficiency and transparency in the real estate business.
    • There is a clear information regarding the plot sale, project, apartment, building, etc.
    • It establishes a mechanism for a quick redress of a dispute.
    • It protects the customers’ interests in the field of real estate.
    • It establishes the concept of Appellate Tribunal so that any misconduct can be filed for complaint by the buyer.
    Apply for Home Loan

    Which Places Of Maharashtra Does The RERA Apply?

    The places in which the Maha RERA is applicable are:

    District Division
    Amravati Amravati
    Akola
    Buldana
    Yavatmal
    Washim
    Beeg Aurangabad
    Aurangabad
    Jalna
    Hingoli
    Nanded
    Latur
    Parbhani
    Osmanabad
    Mumbai Suburban Konkan
    Mumbai City
    Raighar
    Thane
    Ratnagiri
    Sindhudurg
    Palghar
    Gondiya Nagpur
    Chandrapur
    Bhandara
    Wardha
    Nagpur
    Gadchiroli
    Dhule Nashik
    Ahmednagar
    Nandurbar
    Jalgaon
    Nashik
    Pune Pune
    Satara
    Kolhapur
    Solapur
    Sangli

    How To Register For RERA Maharashtra?

    The registration process for the Maha-RERA is simple. Here is a step-by-step guide to complete the entire procedure.

    • Step 1: Go to the official website of Maha RERA: https://maharera.mahaonline.gov.in/
    • Step 2: Click on the menu “Online Application,” which will redirect to the login page.
    • Step 3: Click on the link option “New Registration” to register as a new user.
    • Step 4: A new page opens in which the “User Type” has to be selected.
    • Step 5: It shows 3 radio buttons: “Promoter, Real Estate Agent, and Complainant.”
    • Step 6: Choose the appropriate user type.
    • Step 7: Next, select the necessary “State or Union Territory” from the drop-down menu.
    • Step 8: Enter the username, password, mobile number, and email address.
    • Step 9: Type the captcha and click the button “Create User.”
    • Step 10: A verification link is then sent to the website to the registered email id for activation.
    • Step 11: Upon clicking the link, the account is successfully created and activated.
    • Step 12: Login using the registered Username & Password.
    • Step 13: Fill all the necessary details the website prompts and upload all the mandatory documents.

    Mandatory Documents For RERA Act Maharashtra

    Once the applicant registers himself or herself on the official Maha RERA website, a few documents have to be submitted. The documentation is divided into two categories:

    • Project registration
    • Agent registration

    Documents Required For A Project Registration under Maharashtra RERA

    To register any ongoing project with the Maharashtra RERA, an applicant has to submit the following documents:

    Basic Documents

    • A copy of the promoter’s PAN card.
    • Name, address, contact number, and a photograph of the promoter (in the case of an individual).
    • Names, contact numbers, addresses, and photographs of the promoters – partners, chairman, and directors (in the case of entities).
    • A copy of the authorized report regarding the promoter/owner’s title flow to the property in which the development has been proposed. Note that this document has to be authenticated by a practicing advocate.
    • If the promoter isn’t the actual owner of the land/property where the project has been proposed, then a copy of the development agreement, collaboration agreement, and joint agreement on the development or any other paperwork that reflects the title of the owner and the proposed project has to be submitted.
    • The details associated with the project’s encumbrances and the information on the further proceedings.

    Documents Stating All The Plans

    • A copy of the approved plan where the proposed real estate project is to be done.
    • A copy of documents associated with the TDR (Transferable Development Rights) or FSI (Floor Space Index) and other necessary entitlements that are relevant to the Development Control Regulations.
    • A copy of the documents relating to the common facilities and amenities with the approved plan.
    • A copy of the proposed layout, the proposed plan of the entire project, and the FSI that will be consumed by the planned project.
    • A copy of the proposed FSI and the approved FSI. If the planned FSI is different from what has been sanctioned, then the details have to be disclosed during the registration period.
    • A copy of the proposed wing(s) or building(s) and the sanctioned wing(s) or building(s) for the project. If there are any differences between the two, then the necessary details have to be disclosed during the registration time.
    • A copy of the proposed number of floors for each wing or building and a copy of the number of floors that are approved for each wing or building. Any changes between the two have to be reported at the time of registration. Further changes have to be updated frequently by the promoter.
    • A copy of the total area in square meters.
    • A copy of the parking space layout.

    Other Necessary Documents

    Individual copies of the details relating to:

    • The Architecture & Design standards.
    • The construction technology that is to be used.
    • The measures that are taken for resisting earthquake.
    • The adopted facilities and amenities.

    Note: The details given above are in accordance with the RERA norms, which are proposed by the State Government of Maharashtra. Hence, the required paperwork might differ from one state to the other.

    Documents Required For An Agent Registration under Maharashtra RERA

    To register as a new agent with the Maharashtra RERA, an applicant has to submit the following documents:

    • A copy of the details of the enterprise, which will include the applicant’s name, place of business, registered address, enterprise type, enterprise registration number, DIN (Director Identification Number), PAN, and Aadahar card number.
    • A copy of details as to when the registration was obtained, an authorized copy of partnership agreement, the articles of association, and the memorandum of association.
    • A copy of the recently-taken photographs of the agent. If the applicant is an entity, then copies of recent photographs of the partners, trustees, directors, chairman, etc.
    • A copy of the IT (Income Tax) returns for the last three years.
    • A copy of the address of the business place and branch offices.
    • A copy of the contact details that includes fax numbers, email address, and telephone numbers.
    • A copy of the projects the applicant (or agent) was involved in the last 5 years.
    • A copy of any criminal or civil cases that are pending against the individual or the entity.
    • A copy of the letterhead, acknowledgment receipts, and rubber stamp pictures that the agent uses.

    Note: The details given above are based on the current RERA norms set by the State Government of Maharashtra. Hence, the required paperwork for an agent might change from one state to the other.

    Credit Score Credit Score

    The Maharashtra RERA Fee

    The fee associated with the Maharashtra RERA is categorized into two types:

    • Builder/developer
    • Agent

    The above categories comprise of a few more sub-fee structures, which are listed below in detail:

    Fee For A Real Estate Builder/Developer

    The fee structures of a real estate builder or developer include the following:

    • Fee For Project Registration: To legally conduct a business in the real estate industry, a builder/developer has to pay a registration fee for a project to the Maharashtra RERA authority. The payment mode can be either an RTGS or NEFT transaction. The registration fee is Rs.10 for each sq.mt. A project can have a registration fee of minimum Rs.50,000 and maximum Rs.10,00,000.
    • Fee For Project’s Time Extension: A builder/developer has the rights to apply for a time extension if he or she feels that the project may not be completed by the mentioned due date. However, this will also have a charge. The fee is Rs.10 for each sq.mt, which is subject to a minimum of Rs.50,000 and a maximum of Rs.10,000,00 for a project. The payment mode can be either an RTGS or NEFT transaction.
    • Fee For Withdrawing The Project: A promoter can withdraw a real estate project but it has to be 30 days before the expiry date of the submission date the authority has provided. The charges for this will be same as the fee paid during the time of registration. Once the application is processed, the amount will be refunded to the promoter in a short time.

    Fee For A Real Estate Agent

    The fee structure for a real estate agent include the following:

    • Fee For The Registration: A real estate agent or a realtor has to pay the registration fee at the time of initial application submission. The payment mode is either an RTGS or NTFS transaction, where the agent has to pay Rs. 10,000 (if the applicant is an individual) or Rs.1,00,000 (if the applicant is a group of members or an entity).
    • Fee For The Renewal: Under the section 9, a realtor or estate agent can apply for the renewal at least 60 days before the registration expires. The applicant has to fill the “Form J,” which is then followed by a payment of Rs.10,000 (if the applicant is an individual) or Rs.1,00,000 (if the applicant is a group of members or an entity).

    Note: The details given above are as per the RERA norms set by the state government of Maharashtra. Hence, the fee structure may differ from one state to the other.

    Home Loan - Sitemap

    News About RERA Maharashtra

    • Asset Auction for recovery following RERA to take place in February in Kalyan

      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

    • MahaRERA Chief Sets Aside The Plea?Of Unhappy Flat Buyers 

      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

    • MahaRERA orders developer to refund Rs.1.5 crore to a home buyer

      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

    • Relief for realtors as MahaRERA plans to reduce RERA registration fees

      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

    • Relief to home buyers as MahaRERA accepts the case of OC

      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

    • Close to 200 complaints regarding unregistered projects raised before MahaRERA

      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

    • MGP urges consumers to ensure registration of developers under MahaRERA

      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

    • Maha-Rera setting standards for others: Minister Puri

      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

    • Maharashtra ranks first for the number of projects registered under RERA

      With over 17,353 projects registered in the state out of the total 32,306 projects registered under Real Estate Regulatory Authority (RERA) Act across the country, Maharashtra continues to rank top among all the states. Maharashtra is followed by Uttar Pradesh, Gujarat, Karnataka and Madhya Pradesh in terms of the number of projects registered under the act according to a report released by Anarock, a leading property consultant. With the state contributing to over 50% of the total projects, other states are being questioned regarding the Act’s poor implementation.

      25 August 2018

    • MahaRERA Makes Land Insurance Mandatory

      The chairman of Maharashtra Real Estate Regulatory Authority (MahaRERA), Mr.Gautam Chatterjee is all set to make insurance policy mandatory for registered developers. However, the state unit was unable to implement this rule as of now. Moreover, there was no insurance provider in the market willing to provide this kind of a cover. The chairman of MahaRERA is, however, working on a detailed proposal to implement this aspect soon.

      If this is implemented, real estate customers and developers stand to benefit from it as investing in insured projects are safer.

      20 June 2018

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.