RERA Registration in Maharashtra: A Complete Guide on MahaRERA

The Maharashtra Real Estate Regulatory Authority (MahaRERA) was established by the Maharashtra Government on 08.03.2017, having headquarters in Mumbai. It aims to protect and regulate the real estate industry of the state. Further, it shall be relevant to note that Maharashtra is one of the first states to implement RERA 2016. Also, it is obligatory for every developer/builder and agents to obtain RERA Registration in Maharashtra, else the same will result in the levy of hefty penalties.

In this blog, we will discuss the concept and procedure to obtain RERA Registration in Maharashtra by Developers/Builders and Agents.

Objectives of MahaRERA

The key objectives of MahaRERA are as follows:

1. To Protect and Safeguard the Customers’ Interest in the real estate industry;
2. To Establish a Mechanism for the Quick Dispute Settlement;
3. To Enable Transparent and Efficient Sale of Plot, Building, Apartment in the Real Estate Sector;
4. To Formulate Appellate Tribunal to Hear Appeals against the Decisions, Directions, or Orders of RERA;

Components of RERA in Maharashtra

The key components of RERA in Maharashtra are as follows:

1. Transparency;
2. Accountability;
3. Efficiency;
4. Real Estate Regulatory Authority;
5. Real Estate Appellate Tribunal;
6. Real Estate Projects Registration;
7. Real Estate Agents Registration;
8. Financial Discipline;
9. Citizen Centricity;
10. Filing of complaints;

Benefits of RERA Registration in Maharashtra

The benefits of obtaining RERA Registration in Maharashtra are as follows:

1. Prevents Funds Collected;
2. Maintains Authenticity;
3. Enables Filing of Complaint;
4. Provides Flexibility;
5. Establishes a Sense of Professionalism;

Services Offered by MahaRERA

The services offered by MahaRERA are as follows:

To Promoters

1. Real Estate Projects Registration;
2. Quarterly Update Facility for each Project;
3. Extension of Real Estate Projects;
4. Filing of Complaints;

To Real Estate Agents

1. Registration of Real Estate Agents;
2. Renewal of the Registration of Real Estate Agents;
3. Filings of Complaints;

To Buyers

1. Filing of Complaints;
2. Online Access to Details and Particulars on Registered Projects;

Documents Required to Obtain RERA Registration in Maharashtra

The documents required to obtain RERA Registration in Maharashtra are as follows:

1. PAN Card;
2. A copy of the Legal Title Report; 
3. Details of Encumbrances; 
4. A copy of the Layout Plan;
5. A copy of the Building Plan Approval; 
6. Signed Performa of the Allotment Letter;
7. Signed Performa of the Agreement for Sale; 
8. Declaration in Form B; 
9. Certificates from the Architect in the Form 1, which is mandatory for only ongoing Real Estate Projects; 
10. Certificates from the Architect in the Form 4; 
11. Certificates from the Practising Chartered Accountant in the Form 3; 
12. Certificates from the Practising Chartered Accountant in the Form 5; 
13. Certificates from the Structural Engineer in the Form 2, which is mandatory for only ongoing Real Estate Projects; 
14. Certificate of Commencement;

Documents Required for Agent Registration in Maharashtra

The documents required to Agent Registration in Maharashtra are as follows:

1. PAN Card of the Applicant; 
2. Particulars concerning Registration, such as By Laws; 
3. Memorandum of Association (MOA); 
4. Articles of Association (AOA); 
5. Self-certified copies of all the Letterheads; 
6. Self-certified copy of the Letterhead Rubber Stamp; 
7. Acknowledgement Receipts;
8. Incomes Tax Returns (ITRs) for the last 3 financial years; 
9. Any pending Civil or Criminal Case;

Procedure for Obtaining RERA Registration in Maharashtra

The steps involved in the process for obtaining RERA Registration in Maharashtra are as follows:

Visit the Official Portal

In the first step, to acquire RERA Registration in Maharashtra, the applicant needs to visit the official MahaRERA portal^[1]

Click on Online Application

In the next step, the applicant needs to click on the seventh option, i.e., Online Application”, to move further in the process to obtain RERA Registration in Maharashtra.

Click on New Registration

After clicking the option “Online Application”, the applicant will be redirected towards a new page, wherein, he/she requires to select the option “New Registration”.

Create a New Account

Now, the applicant will be redirected to a new webpage, wherein he/ she needs to fill in the details as follows to create a new account:

1. User Type;
2. Select State/ Union Territory;
3. Username;
4. Password;
5. Confirm Password;
6. Mobile Number;
7. Email ID:

After that, enter the provided Captcha and click on “Create User”

Go Back to Home Page and Select Online Registration

After clicking on Create User, the applicant will need to go back to the home page and again select the option “Online Registration”. 

Enter Login Credentials

Now, the applicant needs to enter the login credentials, such as Username and Password, to get redirected to the detailed application form.

Furnish Necessary Details

In this step of the process to obtain RERA Registration in Maharashtra, the applicant requires to provide all the required details as follows:

1. General Information;
2. Individual Information;
3. Address for Official Communication;
4. Address Details;
5. Past Experience Details;
6. Project Details;
7. Building Details;

Upload Required Documents

After furnishing all the details required, the applicant needs upload all the required documents in the sequence provided.

Thereafter, click on the option “Confirm and Proceed”, to move further towards making payment.

Pay the Fee Prescribed

Lastly, the applicant needs to pay the fee prescribed to complete the process to obtain RERA Registration in Maharashtra. Also, after making the payment, an acknowledgement number will display on the screen, which the applicant needs to record for future use and reference.

Also, Read: Complete Process to File a Complaint in RERA Delhi

Procedure for Obtaining Agent Registration in Maharashtra

The steps involved in the process for obtaining Agent Registration in Maharashtra are as follows:

Visit the Official MahaRERA Portal

In the first step, to acquire RERA Registration in Maharashtra for agent, the applicant needs to visit the official MahaRERA portal.

Choose Online Application

In the next step, the applicant needs to click on the seventh option, i.e., Online Application”, to move further in the process to obtain RERA Registration in Maharashtra for agent.

Select New Registration

After clicking the option “Online Application”, the applicant will be redirected towards a new page, wherein, he/she requires to select the option “New Registration”.

Create a New User Account

Now, the applicant will be redirected to a new webpage, wherein he/she needs to fill in the details as follows to create a new account:

• User Type;
• Select State/Union Territory;
• Username;
• Password;
• Confirm Password;
• Mobile Number;
• Email ID:

After that, enter the provided Captcha and click on “Create User”

Go Back to Home Page

After clicking on Create User, the applicant will need to go back to the home page again to move further in the process to obtain Agent Registration in Maharashtra.

Again Select Online Registration

After that, again select the option “Online Registration”. 

Fill in the Login Credentials

Now, the applicant needs to enter the login credentials, such as Username and Password, to get redirected to the detailed application form.

Furnish Needed Details

In this step of the process to obtain Agent Registration in Maharashtra, the applicant requires to provide all the required details asked.

Upload Necessary Documents

After furnishing all the details required, the applicant needs upload all the required documents in the sequence provided.

Thereafter, click on the option “Confirm and Proceed”, to move further towards making payment.

Make Fee Payment

Lastly, the applicant needs to pay the fee prescribed to complete the process to obtain RERA Registration in Maharashtra for Agent. Also, after making the payment, an acknowledgement number will display on the screen, which the applicant needs to record for future use and reference.

Conclusion

In a nutshell, RERA Registration in Maharashtra or MahaRERA was enforced to govern and administer the real estate industry of Maharashtra. Further, all the regulations, provisions and conditions of these rules object to protect and safeguard the rights &interest of both buyers and developer/builder, in the occasions of pending payments, misrepresentation, fraud, delayed possession, etc.

Likewise, it is necessary for both the real estate developers and real estate agents to acquire RERA Registration under in Maharashtra.

Further, in the case of any other query, difficulty, or doubt, reach out to Swarit Advisors, our experienced RERA experts will assist you both with the process to get RERA Registration under in Maharashtra and RERA Advisory.

Also, Read: What are the RERA Benefits for NRI Buyers?