The objective of the Act is to establish the Real
Estate Regulatory Authority for regulation and promotion of the real estate sector.
Registration of Real Estate Projects and Real
Estate Agents
Real Estate Projects :-
1. u/s. 3 of the Act, no promoter shall advertise,
market, book, sell or offer for sale, or invite persons to purchase in any manner any plot, apartment or building, as the case may be, in any real estate project or part of it, in any planning area, without registering the real estate project with the Real Estate Regulatory Authority established.
2. u/s 4, every promoter shall make an
application to the Authority for registration of the real estate project in such form, manner, within such time and accompanied by such fee as may be prescribed.
3. On successful registration, the promoter of the
project will be provided with a registration number, a login id and password for the applicant registration.
4. The following projects do not require to be
registered under the Act: -Area of land does not exceed 500 Sq. Meters -No. of apartments does not exceed 8 -In case of Renovation/ Repair/Re- development.
Real Estate Agents
1. u/s. 9, real estate agent shall not facilitate the
sale or purchase of or act on behalf of any person to facilitate the sale or purchase of any plot, apartment or building, as the case may be, in a real estate project or part of it, being the part of the real estate project registered, being sold by the promoter in any planning area, without obtaining registration under this section.
2. Every real estate agent shall make an
application to the Authority for registration in such form, manner, within such time and accompanies by such fee and documents as may be prescribed. Steps for Registration:
1. https://maharera.mahaonline.gov.in is the official
website established by the Govt. for registration under the Act.
2. Documents Required for A Project Registration
under Maharashtra RERA
To register any ongoing project with the Maharashtra
RERA, an applicant has to submit the following documents: Basic Documents A copy of the promoter’s PAN card. Name, address, contact number, and a photograph of the promoter. A copy of the authorized report regarding the promoter/owner’s title flow to the property in which the development has been proposed. If the promoter isn’t the actual owner of the land/property where the project has been proposed, then a copy of the development agreement, collaboration agreement, and joint agreement on the development or any other paperwork that reflects the title of the owner and the proposed project has to be submitted. The details associated with the project’s encumbrances and the information on the further proceedings. Documents Stating All the Plans A copy of the approved plan where the proposed real estate project is to be done. A copy of documents associated with the TDR or FSI and other necessary entitlements that are relevant to the Development Control Regulations. A copy of the documents relating to the common facilities and amenities with the approved plan. A copy of the proposed layout, the proposed plan of the entire project, and the FSI that will be consumed by the planned project. A copy of the proposed FSI and the approved FSI. If the planned FSI is different from what has been sanctioned, then the details have to be disclosed during the registration period. A copy of the proposed wing(s) or building(s) and the sanctioned wing(s) or building(s) for the project. If there are any differences between the two, then the necessary details have to be disclosed during the registration time. A copy of the proposed number of floors for each wing or building and a copy of the number of floors that are approved for each wing or building. Any changes between the two have to be reported at the time of registration. Further changes have to be updated frequently by the promoter. A copy of the total area in square meters. A copy of the parking space layout. Other Necessary Documents Individual copies of the details relating to: The Architecture & Design standards. The construction technology that is to be used. The measures that are taken for resisting earthquake. The adopted facilities and amenities.
3. Documents Required for An Agent Registration
under Maharashtra RERA To register as a new agent with the Maharashtra RERA, an applicant has to submit the following documents: A copy of the details of the enterprise, which will include the applicant’s name, place of business, registered address, enterprise type, enterprise registration number, DIN (Director Identification Number), PAN, and Aadhaar card number. A copy of details as to when the registration was obtained, an authorized copy of partnership agreement, the articles of association, and the memorandum of association. A copy of the recently-taken photographs of the agent. If the applicant is an entity, then copies of recent photographs of the partners, trustees, directors, chairman, etc. A copy of the IT (Income Tax) returns for the last three years. A copy of the address of the business place and branch offices. A copy of the contact details that includes fax numbers, email address, and telephone numbers. A copy of the projects the applicant (or agent) was involved in the last 5 years. A copy of any criminal or civil cases that are pending against the individual or the entity. A copy of the letterhead, acknowledgment receipts, and rubber stamp pictures that the agent uses.
4. Fees for registration
Fee for Project Registration: To legally conduct a
business in the real estate industry, a builder/developer has to pay a registration fee for a project to the Maharashtra RERA authority. The payment mode can be either an RTGS or NEFT transaction. The registration fee is Rs.10 for each sq.mt. A project can have a registration fee of minimum Rs.50,000 and maximum Rs.10,00,000.
Fees for Agent Registration: A real estate agent or a
realtor has to pay the registration fee at the time of initial application submission. The payment mode is either an RTGS or NTFS transaction, where the agent has to pay Rs. 10,000 (if the applicant is an individual) or Rs.1,00,000 (if the applicant is a group of members or an entity).
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