What is MahaRera?

Introduction

Buying a home is one of the most important financial and emotional decisions for an individual or family. Earlier, homebuyers often faced serious challenges such as project delays, hidden charges, unclear agreements, and misleading promises from builders. To address these issues and create a more transparent real estate environment, the Government of India introduced the Real Estate (Regulation and Development) Act, 2016 (RERA). This law protects homebuyers and ensures fair practices across the real estate sector.

In Maharashtra, this law is implemented through the Maharashtra Real Estate Regulatory Authority (MahaRERA). Over the years, MahaRERA has rebuilt trust in the property market by ensuring transparency, accountability, and timely project delivery. At rera360.com, professional RERA consultants in Maharashtra guide developers, agents, and homebuyers with compliance, project registration, documentation, and safe property investment decisions.

What is MahaRERA?

MahaRERA stands for the Maharashtra Real Estate Regulatory Authority. It is the state-level body formed under the RERA Act, 2016 to regulate and supervise the real estate market in Maharashtra. The primary aim of MahaRERA is to protect homebuyers, monitor builder activities, and ensure that property transactions are conducted legally and transparently.

Under MahaRERA, builders must register their real estate projects before advertising or selling them. This rule ensures that every registered project is verified for approvals, land status, project timelines, and financial commitments. As a result, homebuyers gain confidence that they are investing in a legally approved and transparent project.

Key Features of RERA in Maharashtra

MahaRERA provides several strong protections to homebuyers:

1. Mandatory Project Registration

   Projects larger than 500 sq. meters or having more than 8 apartments must be registered before launch.

2. Sale Based Only on Carpet Area

   Builders can sell units only based on the usable carpet area, not inflated super built-up area.

3. Compensation for Delays

   If builders fail to deliver possession on time, they must pay interest to homebuyers for every month of delay.

4. Escrow Account Requirement

   Developers must deposit 70% of collected funds into a separate bank account to ensure the money is used only for that project.

5. Online Complaint System

   MahaRERA allows buyers to file complaints online for fast and efficient dispute resolution.

How to Check MahaRERA Registered Projects

Before investing, buyers should verify the project on the official MahaRERA portal:

• Visit the website.

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

• Check approvals, possession dates, litigations, work progress, financial updates, and available units.

If a project is missing or details appear incomplete, it indicates a risk and such projects should be avoided.

Benefits of MahaRERA

With MahaRERA, property buying becomes safer and more transparent. Buyers receive verified information, funds remain protected, builders are legally bound to deliver on time, and dispute resolution becomes faster. Builders also benefit as MahaRERA compliance increases their credibility and boosts customer trust.

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)