What is the MahaRERA?
The “Maharashtra Real Estate Regulatory Authority (MahaRERA)” is a governing and regulating body constituted under the “Real Estate (Regulation and Development) Act, 2016”. It assures that real estate transactions in Maharashtra are open, fair, and responsible to both purchasers and developers.
What is the RERA Act of Maharashtra (MahaRERA)?
The real estate industry has grown rapidly across the country. To give structure and fairness to this growth, the Real Estate (Regulation and Development) Act of 2016 – often known as the RERA Act – was passed to bring openness, accountability, and fairness to India’s real estate market. It seeks to level the playing field for developers while protecting the interests of homebuyers in both residential and commercial markets.
This Act establishes separate regulatory authorities in each Indian state. In Maharashtra, this body is known as MahaRERA (Maharashtra Real Estate Regulatory Authority). MahaRERA was one of the first state-level entities formed under the Act, and it has since played an important role in regulating and fostering real estate development in the state.
MahaRERA ensures that all qualified real estate projects are registered, and that developers provide accurate project information to the public. This allows purchasers to make more informed purchases and protects them from fraud or delays.
MahaRERA’s Vision and Functions:
- Vision:
Encourage transparency in the selling of flats, structures, and plots.
Protect the interests of real estate purchasers.
Ensure fair transactions and timely project completion.
Make recommendations to the government regarding policy improvements.
- Functions.
Register and regulate real estate developments and agents.
Monitor compliance and quarterly updates from developers.
Maintain a publicly accessible database of registered projects.
Resolve disagreements with a specific grievance redressal method.
Develop a transparent and efficient real estate ecosystem.
MahaRERA Rules and Regulations
To enhance transparency and protect homebuyers’ interests, MahaRERA has established a set of stringent rules and compliance criteria for real estate developers and agents operating in Maharashtra. These rules are intended to avoid malpractice, assure timely project completion, and encourage accountability in the real estate industry.
Key Rules: Mandatory Registration: All residential and commercial real estate developments over 500 sq. meters or with more than 8 units must register with MahaRERA before advertising, booking, or selling.
Quarterly Progress Reports: Developers must submit updates on project status, including construction progress and financial disclosures, via the MahaRERA portal.
Document Disclosure: Projects must make significant legal papers publicly accessible, including:
Land title and ownership documentation.
Commencement and layout approvals.
Building Plan Approvals
Draft a sales agreement.
MahaRera Services:
In Maharashtra, MahaRERA registration is required for all residential and commercial projects. This regulating authority prohibits real estate builders from advertising, booking, or selling any real estate project without prior approval. MahaRERA also offers the following services:
Project registration and certification.
A single-window clearance mechanism for approvals.
Online platform for buyers to confirm project specifics
Complaint resolution system for purchasers and developers
For example, if you’re interested in Rustomjee’s project, you can download the RERA certificate directly from their website.
How to Check MahaRERA Registered Projects?
A buyer can check RERA registration online to avoid the possibility of property fraud. To check the status of MahaRERA registered projects, follow the steps below:
Visit the MahaRERA website:
https://maharera.maharashtra.gov.in/
Click select ‘Registration’ > ‘Registered Projects’.
Enter the project or promoter name.
Click ‘Search’.
View project information, including:
Location
Project type
Possession date
How to Check Project Approvals and Documents?
To access the detailed project documents:
Visit the project’s page on the MahaRERA portal.
Click ‘View Details’.
Scroll to the ‘Uploaded Documents’ section.
You will find:
Legal title reports
Commencement certificates
Layout and building plan approvals
Draft sale agreements.
Always check these before making a reservation.
Eligibility criteria for MahaRERA registration
According to the RERA Maharashtra Rules, a project must meet the following requirements:
Prior to advertising or selling, you must first register.
The land size must surpass 500 square metres, or the project must include more than 8 flats (in all phases).
Projects falling below these limits are exempt from registration.
Developer Obligations under MahaRERA
Register all qualifying projects.
submit quarterly updates.
Ensure transparency in documentation.
Avoid advertising unregistered projects.
Buyer Benefits of MahaRERA
Access to verified project details.
Protection against delays and fraud.
Legal redress through the MahaRERA Tribunal
Assurance of timely possession.
Documents Required for MahaRERA Registration.
Land Title Deed
Commencement Certificate
Layout and building plan approvals
Required documents for selling include a draft agreement, the promoter’s PAN card, and Aadhar.
Common Mistakes to Avoid When Checking MahaRERA Status.
Not properly confirming the promoter’s name.
Ignoring project phase-specific registration.
Overlooking document upload dates and validity.
Glossary of MaharERA Terms
RERA Number: Each approved project under MahaRERA is granted a unique registration number.
Promoter: The project’s creator or builder.
Carpet Area: The net useable floor space of an apartment.
Built-up Area = carpet area plus wall thickness and other unused space.
Super Built-up space: Built-up space plus a proportionate amount of common amenities such as the lobby and elevator.
OC: The OC (Occupancy document) is a document issued by the local authorities that allows the building to be occupied.
CC (Commencement Certificate): A legal document provided by the local government that authorizes the commencement of construction.
Agreement for transaction: A legal contract between a buyer and a developer that outlines the parameters of the property transaction.
Escrow Account: A separate bank account into which 70% of purchase payments are deposited for project-specific purposes.
Allottee: A person to whom a property is assigned, sold, or transferred by the promoter.
Phase-wise Registration: Each phase of a significant project is registered separately under MahaRERA.
A real estate agent is a person or organization that facilitates property transactions and must be registered with MahaRERA.
MahaRERA-Registered Projects by Rustomjee:
Rustomjee Cliff Tower – Mount Mary, Bandra, Mumbai
MahaRERA Registration No. of Rustomjee Cliff Tower: P51800080156
Rustomjee Sewri – Sewri (Parel Extension), Mumbai
MahaRERA Registration No. of Rustomjee Sewri: PR1170002501979
Rustomjee Ocean Vista – Versova, Mumbai
MahaRERA Registration No. of Rustomjee Ocean Vista: P51800076673
Check more Residential Projects in Mumbai & Thane
Begin Your Journey with Rustomjee Today
RERA Maharashtra Office Addresses:
MahaRERA registers real estate developments in Maharashtra as well as the Union Territories of Daman & Diu, Dadar, and Nagar Haveli. It is a user-friendly website that provides all project-related information. It enables property investors and homebuyers to perform RERA number checks and keep informed.
You can also locate the authority’s addresses here:
Mumbai Head Office
The Mumbai Real Estate Regulatory Authority’s head office is located on the third floor of the A-wing of the Slum Rehabilitation Authority Administrative Building, Anant Kanekar Marg, Bandra (E), Mumbai – 400051.
Contact number: 022 68111600.
FAQ’s About RERA
Q1: What is MahaRERA?
Answer: The “Maharashtra Real Estate Regulatory Authority” is the governmental agency that supervises and monitors real estate development in Maharashtra. The RERA Act requires developers to register their projects on the official portal “https://maharera.mahaonline.gov.in” before advertising, selling, or booking any property.
Q2: What is the difference between RERA and MahaRERA?
Answer: The “Real Estate Regulatory Authority” (RERA) is a central statute that is enforced throughout India. This Act establishes separate regulatory bodies for each state. “MahaRERA” is the RERA authority for Maharashtra. While RERA is the overall law, MahaRERA implements it throughout the state.
Q3: How do I find projects on the MahaRERA website?
Answer: To find registered projects, go to the MahaRERA portal, select the “Registration” option, and then click on “Registered Projects”. Enter the project name, developer name, or location to access specific information such as approvals, timeframes, and uploaded documents.
Q4: Does the MahaRERA website include lapsed or revoked projects?
Answer: Yes. The MahaRERA portal lists projects whose registrations have lapsed, been canceled, or punished. This enables purchasers to avoid dangerous purchases and make educated judgments
Q5. What is the entire form of RERA?
RERA stands for “Real Estate (Regulation and Development) Act”. It was enacted in 2016 to regulate the real estate industry and protect the interests of homebuyers.
Q6: What are the advantages of investing in MahaRERA-registered projects?
Answer: Investing in MahaRERA-approved projects provides:
Legal protection and openness.
Timely project delivery
Verified documentation
Access to Grievance Redressal
Assurance of fair pricing based on carpet size
Q7: What is Rule 3 of RERA?
Answer: Rule 3 of most state RERA rules (including Maharashtra) specifies the requirements for mandatory registration. It specifies that any real estate project larger than 500 square meters or containing more than 8 units must be registered with RERA prior to any advertisement or sale.
Q8. Is MahaRERA registration mandatory?
Answer: Yes. If a project exceeds the size or unit thresholds stated in Rule 3, the developer is required to register it with MahaRERA. Failure to do so may result in sanctions or legal action.
Q9. What is RERA’s 70:30 rule?
Answer: The RERA 70:30 rule requires developers to deposit 70% of the funds collected from buyers into a special escrow account. These monies can only be utilized for construction and land-related expenses associated with that specific project. The remaining 30% might be utilized to cover other operating expenses.
Q10: What is the 10% Rule in RERA?
Answer: According to RERA, a developer cannot take more than 10% of the property’s cost as an advance from a buyer before completing a signed agreement of sale. This safeguards buyers against financial risk in early-stage initiatives.
Q11: Is MahaRERA registration required for all projects?
Answer: Yes, unless the project is less than 500 square meters or has fewer than 8 units.
Q12: What happens if a developer fails to register?
Answer: They may face consequences such as fines and imprisonment.
