Selling, booking or advertising a project without MahaRERA registration is a punishable offence. Penalties can include a fine of up to 10% of the project cost, and for continued non-compliance, imprisonment of the promoter for up to three years in addition to further fines.
Selling, booking or advertising a project without MahaRERA registration is a punishable offence. Penalties can include a fine of up to 10% of the project cost, and for continued non-compliance, imprisonment of the promoter for up to three years in addition to further fines.
Any residential or commercial real estate project in Maharashtra with plot area over 500 sq.m. or more than 8 apartments (whichever is triggered first) must be registered with MahaRERA before the developer can advertise, market, book, sell or offer the project. Registration is done at the project level, not the company level.
Every ongoing MahaRERA-registered project must file a Quarterly Progress Report (QPR) detailing construction, financial and booking status. Missing a QPR can lead to MahaRERA flagging the project non-compliant, suspension of the registration, and a hold on further sales or advertising until the report is filed and dues are cleared.
An Extension application requests more time to complete construction when a project is running behind its registered completion date. A Correction application is used to amend or correct details already filed with MahaRERA, such as project timelines, layout plans or promoter details, without extending the completion date itself.
Typical MahaRERA timelines: new project registration is usually granted within 30 days of a complete application, QPR filings are reviewed on a quarterly cycle, and extension or correction requests are generally processed within 30-60 days depending on scrutiny queries raised by the authority.
Selling, booking or advertising a project without MahaRERA registration is a punishable offence. Penalties can include a fine of up to 10% of the project cost, and for continued non-compliance, imprisonment of the promoter for up to three years in addition to further fines.
A scrutiny query is typically raised when MahaRERA finds incomplete documentation, discrepancies in the project plan, or missing approvals in a registration, QPR, extension or correction filing. It is resolved by submitting the requested clarification or missing documents through the MahaRERA portal within the stipulated time, after which the authority reviews and either closes the query or raises a further clarification.
Keep the title/ownership documents of the land, sanctioned building plans and layout approvals, commencement certificate, project architect and engineer certificates, promoter's PAN and company registration details, and a proforma of the agreement for sale ready. These are typically required by MahaRERA at the time of project registration.
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