RERA (Real Estate Regulation Act) registration was started in 2016 by the Indian government.
RERA Act was introduced to safeguard homebuyers’ interests, with an emphasis on fostering more openness in the real estate sector.
Currently, there are 38,130 projects under MahaRERA of which 26% or 9902 projects have completed their registration process and are delivered to the customers.
71% or 27,170 of 38,130 projects are registered but are not completed. 3% or 1241 of 38130 projects are yet to be registered.
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Importance Of RERA Registered Projects In Mumbai
RERA registered projects in Mumbai online regulations make property sellers more accountable for safeguarding buyers’ interests. The importance of RERA registered projects in Mumbai online is explained below:
- Zero project details: Builders must provide homebuyers with all relevant information by RERA regulations. Their projects’ specifics must be updated regularly. This prevents dishonest marketing and guarantees fewer project delays. If in case there is a delay, then the builder will have to pay some interest throughout the delay to the bank.
- Justified payments: Only the carpet area or built-up area will be used by the builders of RERA-certified projects to determine the property’s price. The regulations prohibit them from charging for any specially constructed spaces like lobbies, elevators, and staircases. Additionally, developers are not allowed to accept an advance payment of more than 10% from buyers.
- Accountability after delivery: The developers are liable to fix any defects within 5 years after discovery. If there is a discrepancy with the title document while taking possession, the buyer has the right to compensation. Additionally, the developers must settle issues within 120 days of filing.
How To Check RERA Registered Projects In Mumbai
If you are searching for a RERA registered projects in Mumbai online then you will have to follow specific steps which are explained below:
Step 1: First, visit the official website of Maharashtra RERA website, which is maharera.mahaonline.gov.in for RERA registered projects in Mumbai online
Step 2: Click on the ‘Registration’ tab from the home page for RERA registered projects in Mumbai online
Step 3: Select ‘Registered Projects’ from the dropdown. You will be redirected to a new page of RERA registered projects in Mumbai online
Step 4: Select the ‘Registered Projects’ option
Step 5: Provide the ‘Project Name’, ‘Promoter Name’, and ‘MahaRERA Project or Agent Registration Number’ under the Search Project Detail
Step 6: Click on the search button. The details will appear on the screen
Details Available On RERA
- Organization Details
- Past Experience Details
- Project Details
- FSI Details
- Bank Details
- Project Details
- Development Work
- Building Details
- Project Professional Information
- Litigation Details
- Uploaded Documents
RERA Maharashtra Fees And Charges
RERA Maharashtra include the following fees and charge for the process of RERA registration.
Steps To Check Litigation On RERA
Few of the projects involve legal disputes and these projects have orders passed on them.
RERA registered projects in Mumbai online has provided you with the list of those projects which are under litigation process. This will help the homebuyers to choose the project in which they should invest.
You can follow the below steps to search for projects under MahaRERA that have passed litigation on them, then you can follow the below steps:
Step 1: Visit the official website of Maharashtra RERA website, which is maharera.mahaonline.gov.in
Step 2: Click on the ‘Appellate Tribunal’ tab from the home page
Step 3: Select ‘Orders’ from the dropdown
Step 4: The details of the project and date will appear on the screen
Step 5: You can also download the Pdf of the same for future reference
MahaRERA Office Address In Mumbai
Mumbai Head Office
Maharashtra Real Estate Regulatory Authority, 3rd Floor, A-Wing, Slum Rehabilitation Authority, Administrative Building, Anant Kanekar Marg, Bandra (E), Mumbai 400051 Phone No. 022 68111600
Also, Check: How To Check RERA Registered Projects In Noida
FAQs
| Q1: What is the full form of RERA?
Ans: The full form of RERA is Real Estate Regulatory Authority. |
| Q2: What if the builder is not registered under RERA Act?
Ans: It is your builder’s responsibility to register their project with RERA. Now, suppose you purchase a home in their development and file a complaint with RERA. In that case, you will be questioned about your initial decision to purchase a property in an unregistered project. |
| Q3: What are the benefits of RERA?
Ans: The RERA benefits for homebuyers are access to detailed information, more transparency, and responsible & reliable developers. |
| Q4: Is RERA applicable for small projects?
Ans: The RERA Act is applicable to structures used for commercial, residential, and developed plots for sale. Real estate developments larger than 500 square metres or with more than 8 apartments must be registered. |
