MahaRERA: A Comprehensive Guide to Maharashtra’s Real Estate Regulatory Authority

Introduction

The Maharashtra Real Estate Regulatory Authority (MahaRERA) was introduced in 2017 under the Real Estate (Regulation and Development) Act, 2016, to regulate and streamline the real estate sector in Maharashtra. The primary goal of this authority is to ensure transparency, accountability, and efficiency in the real estate market while protecting the rights of homebuyers.

Maharashtra became the first state in India to introduce a conciliation mechanism under Section 32(g) of the RERA Act through Alternative Dispute Resolution (ADR). This mechanism provides a structured platform for buyers and promoters to resolve disputes amicably without lengthy legal proceedings.

For individuals planning to invest in real estate in Maharashtra, understanding MahaRERA’s role is crucial. This guide explains how to obtain MahaRERA registration, key benefits, facilities offered, and verification processes to help you make informed real estate decisions.

How to Obtain MahaRERA Registration?

MahaRERA registration is mandatory for all real estate projects, promoters, and real estate agents operating in Maharashtra. Here’s a step-by-step guide to registering under MahaRERA:

Steps to Register for MahaRERA

• Visit MahaRERA’s official website at maharera.mahaonline.gov.in.
• Click on the ‘Online Application’ tab.
• Select ‘New Registration’ on the redirected page.
• Create an account and select the appropriate user type: Promoter (for real estate developers), Real Estate Agent, or Complainant (for property buyers).
• Enter the necessary details such as name, email ID, phone number, and project details.
• After submitting your details, you will receive a verification link via email. Click on the link to activate your account.
• Log in using your credentials and proceed with the document submission.
• Upload all required documents and complete the registration process.

Documents Required for MahaRERA Registration

For Promoters:

• PAN Card of the promoter
• Legal title report copy of the property
• Details of any encumbrances on the property
• Building layout and approval copies
• Signed sale agreement and allotment letter proforma
• Declaration in Form B confirming project details
• Certificate from a Chartered Accountant (Form 3 & 5) confirming financial status
• Certificate from an Architect (Form 1 & 4) confirming project specifications
• Certificate from an Engineer (Form 2) validating construction quality
• Commencement certificates for the project

For Real Estate Agents:

• PAN Card
• Business registration documents, including bye-laws
• Memorandum of Association (MoA) and Articles of Association (AoA)
• Self-certified letterheads and acknowledgment receipts
• IT Returns for the past three years
• Disclosure of pending civil or criminal cases (if any)

Key Benefits of MahaRERA for Homebuyers and Promoters

MahaRERA aims to protect buyers’ interests and hold real estate developers accountable. Here are some of its key benefits:

1. Enhanced Transparency for Buyers

Promoters must create a dedicated webpage on MahaRERA’s official website after registration. This page provides crucial details such as:

• Quarterly project updates
• Project registration details
• Construction status
• Completion timeline

This feature allows buyers to track project progress and make informed decisions.

2. Mandatory Registration of Real Estate Agents

To facilitate fair transactions, MahaRERA mandates that all real estate agents register online before selling or promoting any project. This ensures credibility and accountability among property dealers.

3. Protection Against Delays

One of the most significant advantages of MahaRERA is buyer protection against construction delays. If a promoter fails to deliver the property on time, buyers have two options:

• Withdraw from the project and receive a full refund of the amount paid.
• Continue with the project while receiving monthly interest compensation for the delay.

4. Accurate Carpet Area Disclosure

The carpet area (net usable floor area inside an apartment) directly impacts property pricing. Previously, developers often manipulated carpet area figures, leading to inflated property prices.

Under MahaRERA, promoters must clearly disclose the actual carpet area before selling a property. This results in fair and transparent pricing for homebuyers.

5. Structural Defect Liability for Five Years

If a buyer notices any structural defects or construction quality issues within five years of purchasing a property, the promoter must rectify them at no additional cost.

Failure to do so entitles the buyer to compensation from the promoter.

Facilities Provided by MahaRERA

For Promoters:

• Real estate project registration
• Quarterly project updates
• Project extension applications
• Online complaint filing

For Real Estate Agents:

• Agent registration and renewal
• Online complaint filing

For Homebuyers:

• Online complaint filing
• Access to MahaRERA-registered project details

Is MahaRERA Approval Mandatory?

Yes, MahaRERA registration is mandatory for all real estate projects in Maharashtra.

Without MahaRERA approval, builders and developers cannot legally advertise, sell, or book real estate projects. Buyers must always verify a project's registration status before investing.

How to Verify if a Project is MahaRERA Registered?

To check whether a project is registered under MahaRERA, follow these steps:

• Visit the MahaRERA website and click on the ‘Registration’ tab.
• Select ‘Registered Projects’ (ensure pop-ups are enabled).
• Enter the project name, MahaRERA number, or promoter’s name in the search box.
• Click ‘Search’ to view the RERA certificate and project details.

Verifying a project’s MahaRERA status before purchasing helps buyers avoid fraud and ensures a secure investment.

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Final Thoughts

MahaRERA has transformed Maharashtra’s real estate sector by introducing transparency, accountability, and buyer protection. This initiative has restored trust between homebuyers and developers, ensuring fair pricing, timely project completion, and legal compliance.

By following the MahaRERA guidelines and verifying project registrations, buyers can secure safe and reliable real estate investments in Maharashtra.