MahaRERA: Know About the Real Estate Regulatory Authority (RERA) in Maharashtra

Introduction

Buying a home is one of the biggest financial and emotional decisions for any individual. Earlier, homebuyers frequently struggled with issues like project delays, unclear builder commitments, and hidden charges. To solve these challenges, the Real Estate (Regulation and Development) Act, 2016 (RERA) was introduced, offering buyers a strong legal framework and greater protection.

In Maharashtra, this law is enforced through the Maharashtra Real Estate Regulatory Authority (MahaRERA). It has significantly transformed the property market by bringing transparency, accountability, and timely project delivery. At rera360.com, expert RERA consultants assist buyers, builders, and agents with MahaRERA registration, compliance, project verification, and safe property investment guidance.

What is MahaRERA?

MahaRERA stands for the Maharashtra Real Estate Regulatory Authority, established under the RERA Act, 2016. Its purpose is to ensure transparency, accountability, and fairness in the real estate sector. Builders must register their projects with MahaRERA before advertising or selling them. This registration guarantees that essential project details are verified, making the buying process safer and more reliable for homebuyers.

Key Features of RERA in Maharashtra

MahaRERA provides strong safeguards to homebuyers:

• Mandatory Project Registration: Projects over 500 sq. m. or with more than 8 units must be registered before launch.

• Sale by Carpet Area: Builders must sell homes based on usable carpet area to prevent overpricing.

• Compensation for Delays: Builders must pay monthly interest to buyers for delayed possession.

• Escrow Account Rule: Developers must deposit 70% of collected funds into a dedicated bank account to prevent misuse.

• Easy Online Complaint Filing: Buyers can file and track complaints online for faster dispute resolution.

How to Check MahaRERA Registered Projects

Buyers can easily verify project details on the official MahaRERA portal:

• Visit the website.

• Search by project name, builder name, or registration number.

• Review project approvals, possession dates, layout, litigations, encumbrances, work progress, and sales status.

If a project is missing or details seem incomplete, it is a warning sign and should be avoided.

Benefits of MahaRERA

Homebuyers benefit through complete transparency, secure funds, timely possession, and quick dispute resolution. Builders also gain credibility, improved trust, and smoother sales through compliance.

Get in touch with RERA360 today and experience seamless real estate compliance support.

Rera360 helps developers and agents navigate Rera regulations with ease. Our expert team ensures smooth, transparent, and hassle-free compliance — from project registration to quarterly filings and legal documentation. (231 characters)