Answered on November 08, 2017

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The Promoter shall submit the application in that behalf to the Registrar for registration of the Co-operative Housing Society under the Maharashtra Co-operative Societies Act, 1960 or a Company or any other legal entity, within three months from the date on which fifty one per cent of the total number of allottees in such a building or a wing, have booked their apartment.

Answered on November 08, 2017

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MOFA is still active, even though Maha RERA is in force. In case of any inconsistency, Maha RERA shall prevail over MOFA

Answered on November 08, 2017

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No, any one can be approached

Answered on November 08, 2017

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Flat buyer can log on to MAHA RERA to check if the project is duly registered. Flat buyer can also demand from the Promoter the Project Registration No. under RERA and then verify from MAHA RERA website.

Answered on November 08, 2017

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Upon lapse of the registration or on revocation of the registration under this Act, the Authority, may consult the appropriate Government to take such action as it may deem fit including the carrying out of the remaining development works by competent authority or by the association of allottees or in any other manner, as may be determined by the Authority: Provided that no direction, decis... (View more)

Answered on November 08, 2017

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The rate of interest payable by the promoters to the allottees or by the allottees to the promoters, as the case may be, shall be the State Bank of India highest Marginal Cost of Lending Rate plus two percent: Provided that in case the State Bank of India Marginal Cost of Lending Rate is not in use it would be replaced by such benchmark lending rates which the State Bank of India may fix from t... (View more)

Answered on November 08, 2017

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All projects with NAINA approvals also are required to be registered under MAHA RERA

Answered on November 08, 2017

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Yes

Answered on November 08, 2017

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Society can only check whether the Developer's past or current projects were/are registered with RERA. RERA registrations are project specific not Developer specific.

Answered on November 08, 2017

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Any changes in layout which was not declared at the time of registration, shall require approval from two-third of the alottees

Answered on November 08, 2017

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as per RERA with effect from 1st May, 2017

Answered on November 08, 2017

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An abandoned project having Commencement Certificate and not having Occupation/Completion Certificate is required to be registered under MAHA RERA or RERA. If the project is abandoned and the promoter does not apply for registration, in such case alottee/s can approach RERA authority. In case the project is abandoned prior to the stage of Commencement Certificate, it will not come under RERA as... (View more)

Answered on November 08, 2017

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If the buyer has not adhered to the terms and conditions of the agreeement, he is deemed to be in default

Answered on November 08, 2017

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We need more details to answer this question. Is the builder demading increased base cost or is it to cover new additional taxes that have been introduced by the government?

Answered on November 08, 2017

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In case any structural defect or any other defect in workmanship, quality or provision of services or any other obligations of the promoter as per the agreement for sale relating to such development is brought to the notice of the promoter within a period of five years by the allottee from the date of handing over possession, it shall be the duty of the promoter to rectify such defects without ... (View more)

Answered on November 08, 2017

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The promoter shall execute a registered conveyance deed in favour of the allottee along with the undivided proportionate title in the common areas to the association of the allottees or the competent authority, as the case may be, and hand over the physical possession of the plot, apartment of building, as the case may be, to the allottees and the common areas to the association of the allottee... (View more)

Answered on November 08, 2017

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Upon lapse of the registration or on revocation of the registration under this Act, the Authority, may consult the appropriate Government to take such action as it may deem fit including the carrying out of the remaining development works by competent authority or by the association of allottees or in any other manner, as may be determined by the Authority: Provided that no direction, decis... (View more)

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... (View more)

Answered on November 08, 2017

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The registration granted under section 5 may be extended by the Authority on an application made by the promoter due to force majeure, in such form and on payment of such fee as may be specified by regulations made by the Authority: Provided that the Authority may in reasonable circumstances, without default on the part of the promoter, based on the facts of each case, and for reasons to be... (View more)

Answered on November 08, 2017

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RERA registration is as per the date of completion entered by the developer for that particular phase/project registered with RERA, subject to acceptance by RERA authority

Answered on November 08, 2017

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An application not given any verdict by RERA is deemed to have been accepted if there is no response from RERA in 30 days from date of filiing of all required documents

Answered on November 08, 2017

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RERA must grant/reject an application within 30 days of submission of all required documents

Answered on November 08, 2017

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RERA must grant/reject an application within 30 days of submission of all required documents

Answered on November 08, 2017

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Application can currently be made online at https://maharerait.mahaonline.gov.in/

Answered on November 08, 2017

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The original certificates of Architect, Accountant and Engineer have to be retained by the promoter because the same are required to be verified and audited by the statutory auditor of the promoter's company within 6 months of every financial year.

Answered on November 08, 2017

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70% of the money received from sales needs to be deposited in an account, from which withdrawals are possible only when certificate from architect, engineer and Chartered accountant have been submitted

Answered on November 08, 2017

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Every phase will need to be registered separetely with RERA

Answered on November 08, 2017

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(a) where the area of land proposed to be developed does not exceed five hundred square meters or the number of apartments proposed to be developed does not exceed eight inclusive of all phases: Provided that, if the appropriate Government considers it necessary, it may, reduce the threshold below five hundred square meters or eight apartments, as the case may be, inclusive of all phases, ... (View more)

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

Answered on November 08, 2017

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Real estate project needs to be registered with RERA when the project receives IOD or the basic approvals to start construction along with commencement certficate

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

Answered on November 08, 2017

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The Real Estate Act is intended to achieve the following objectives: ensure accountability towards allottees and protect their interest; infuse transparency, ensure fair-play and reduce frauds & delays; introduce professionalism and pan India standardization; establish symmetry of information between the promoter and allottee; imposing certain responsibilities on both promoter and allottee... (View more)

Answered on November 08, 2017

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RERA stipulates that the area handed to a flat purchaser cannot vary more than 3% from the area mentioned in the agreement. In any case, flat purchaser can claim the difference in case he is given less area than promised in agreement

Answered on November 08, 2017

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RERA now makes it mandatory for a developer/promoter to deposit 70% of the sale proceeds in a separate account from which he can withdraw as per progress of work. This will prevent the developer from diverting any funds elsewhere.

Answered on November 08, 2017

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There are mixed views on the impact of RERA. While on one hand due to the increased accountability on part of the Promoters, it is expected that it will be safer for the buyers to select registered projects and buy after scrutinizing all available information on RERA website, on the other hand due to imposition of strict guidlnes vis-a-vis deposit and withdrawal of sales proceeds to and from de... (View more)

Answered on November 08, 2017

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As per RERA "carpet area" means the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment.