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Maharashtra Real Estate Regulatory Authority (MahaRERA) FAQs & News

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Maharashtra Real Estate Regulatory Authority (MahaRERA) FAQs & News

Last updated: 5 days ago
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  • #11

    #11

    Re : Maharashtra Real Estate Regulatory Authority (MahaRERA) FAQs & News

    Q4. If a real estate project has land area more than 500 sqmts but containing less than 8 apartments. Does it still need to be registered?

    Ans. Yes. Every real estate project which has land area more than 500 sqmts or has more than 8 apartments needs to be registered

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    • #12

      #12

      Re : Maharashtra Real Estate Regulatory Authority (MahaRERA) FAQs & News

      yintsyang thanks for the information

      So, the update is:

      The complaints module will be available on the MahaRERA website soon!
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      • #13

        #13

        Re : Maharashtra Real Estate Regulatory Authority (MahaRERA) FAQs & News

        Q5. 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?

        Ans. Yes. Every real estate project which has land area more than 500 sqmts or has more than 8 apartments needs to be registered

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        • venturer2018
          venturer2018 commented
          Editing a comment
          Yes. Needs to be registered.
      • #14

        #14

        Re : Maharashtra Real Estate Regulatory Authority (MahaRERA) FAQs & News

        Is there any penalty for purchaser of property if he is not doing registration after 20% of payment and doing registration at the time of possession

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        • venturer2018
          venturer2018 commented
          Editing a comment
          Yes. as per laws, registration needs to be done after paying 20%.
      • #15

        #15

        Re : Maharashtra Real Estate Regulatory Authority (MahaRERA) FAQs & News

        Q6. Does advertisement include solicitation by emails and sms? Is issuance of prospectus considered to be a case of advertisement?

        Ans: As per section 2(b), which defines ‘advertisement’, any medium adopted in soliciting for sale would be covered under the said definition, including sms and emails. Prospectus, which is intended for sale of apartment in real estate project, will also be covered.
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        • #16

          #16

          Re : Maharashtra Real Estate Regulatory Authority (MahaRERA) FAQs & News

          Q7. Can advertisement be issued for a new project after 1st May, 2017 without registering the said project?

          Ans:
          No. The advertisement issued after 1st May 2017 must carry the MahaRERA Registration Number of the project.

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          • #17

            #17

            Re : Maharashtra Real Estate Regulatory Authority (MahaRERA) FAQs & News

            Q8. Does the term ‘allottee’ include secondary sales?

            Ans: 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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            • #18

              #18

              Re : Maharashtra Real Estate Regulatory Authority (MahaRERA) FAQs & News

              Q9. Is it permissible to sell parking to allottees?

              Ans: The position of parking is as follows; a) Open Parking Area: This has been clearly included in the definition of "Common Areas" which need to be conveyed to the Association of Allottees after Occupancy Certificate is received. Hence, sale or allotment of Open Parking Areas by the Promoter is not permissible b) Covered Parking as defined in the Maharashtra Real Estate (Regulation and Development)(Registration of Real Estate Projects, Registration of Real Estate Agents, Rates of Interest and Disclosures on Website) Rules, 2017 is permitted to be sold. c) Garage as defined in the Act is permitted to be sold.

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              • #19

                #19

                Re : Maharashtra Real Estate Regulatory Authority (MahaRERA) FAQs & News

                Q10. What is the obligation of the promoter towards return of amount and compensation to the allottee?

                Ans:
                Section 18 of the Act provides for provisions as regards various situations in which the allottee would be compensated by the promoter due to delay in completion of the project etc.

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                • #20

                  #20

                  Re : Maharashtra Real Estate Regulatory Authority (MahaRERA) FAQs & News

                  Q11. Can a complainant approach both the Regulatory Authority / adjudicating officer and the consumer forums for the same disputes?

                  Ans:
                  An aggrieved person can only approach one of the two forums for redressal of his grievance.
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                  Tags: Maharashtra
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