RERA

RERA is The Real Estate (Regulation and Development) Act. According to RERA, each state and Union territory will have its own regulator and set of rules to govern the functioning of the regulator. This category includes questions and answers related to real estate developers seeking to register with RERA, understanding the rules, the how-tos and procedures for their projects and for buyers seeking to understand the impact of RERA. Meant for buyers, developers, agents, this forum can be used to ask anything pertaining to RERA and its rules.

Is the promoter's application made in electronic or physical form for MahaRERA?
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Aahwaana Ramesh

40 Answered

Answered on November 08, 2017
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    • Application can currently be made online at https://maharerait.mahaonline.gov.in/
    In ongoing projects, the agreement with purchaser should be prepared as per MOFA or RERA?
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    Aahwaana Ramesh

    40 Answered

    Answered on November 08, 2017
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    • as per RERA with effect from 1st May, 2017
    Can someone explain the key features of the Act?
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    Aahwaana Ramesh

    40 Answered

    Answered on November 08, 2017
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    • Key features of the Act are to satisy the following : Ensuring Disclosures of Real Estate Projects by Promoters Real Estate Projects Registration Real Estate Agents Registration Complaints Redressal Provide recommendations to appropriate Government on matters relating to the development & promotion of real estate sector
    What are the offences that may result in RERA revoking registration?
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    Aahwaana Ramesh

    40 Answered

    Answered on November 08, 2017
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    • The Authority may, on receipt of a complaint or suo motu in this behalf or on the recommendation of the competent authority, revoke the registration granted under section 5, after being satisfied that— (a) the promoter makes default in doing anything required by or under this Act or the rules or the regulations made thereunder; (b) the promoter violates any of the terms or conditions of th...
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    Do areas of Navi Mumbai, Turbhe, Vashi etc come under MahaRERA?
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    Rachanaa Group  

    129 Answered

    Answered on November 08, 2017
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    •  In accordance with notifications issued by Urban Development Department of Government of Maharashtra, MR & TP Act is applicable to all the districts of Maharashtra. Hence, all areas of Maharashtra are included in Planning Area as defined in Section 2(zh) of the Act

    I am a builder with a project under construction at this time, though the completion certificate has not been issued yet. Do I still need to register under MahaRERA?
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    Aahwaana Ramesh

    40 Answered

    Answered on November 08, 2017
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    • All under construction projects that have not received completion/occupancy certificate as applicable or shall not receive prior to July 31st, 2017 shall mandatory need to register with MahaRERA
    If a real estate project has land area less than 500 sqmts but contains more than 8 apartments. Does it still need to be registered?
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    Dhvanil Vakharia,Design Engineer

    31 Answered

    Answered on November 08, 2017
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    • ( Source : maharera.mahaonline.gov.in) Yes. Every real estate project which has land area more than 500 sqmts or has more than 8 apartments needs to be registered
    Is there any pecuniary jurisdiction for complaint handling Authorities?
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    Dhvanil Vakharia,Design Engineer

    31 Answered

    Answered on November 08, 2017
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    • ( Source : maharera.mahaonline.gov.in) No. However, geographical jurisdiction may be specified for Chairperson or members of MahaRERA.
    In case of delay in getting possession from the promoter, will the buyer be entitled to get interest on the amount paid by him, for such delayed period?
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    Dhvanil Vakharia,Design Engineer

    31 Answered

    Answered on November 08, 2017
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    • ( Source : maharera.mahaonline.gov.in) Yes. In accordance with the model form of agreement, if the Promoter fails to abide by the time schedule for completing the project and handing over the [Apartment/Plot] to the Allottee, the Promoter agrees to pay to the Allottee, who does not intend...
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    Does the term ‘allottee’ include secondary sales?
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    Dhvanil Vakharia,Design Engineer

    31 Answered

    Answered on November 08, 2017
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    • ( Source : maharera.mahaonline.gov.in) As per section 2(d) an allottee includes a person who acquires the said ‘apartment / plot’ through transfer or sale, but does not include a person to whom such plot, apartment is given on rent. The Act doesn’t include rental projects, lease / leave and License deals.
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