The Real Estate (Regulation and Development) Act, 2016 (RERA) was introduced to bring transparency, accountability, and efficiency to the real estate sector. In Maharashtra, the Maharashtra Real Estate Regulatory Authority (MahaRERA) ensures that developers and real estate agents comply with RERA guidelines.
If you’re a real estate developer or agent looking to register your project in Maharashtra, this step-by-step guide will walk you through the process of RERA registration under MahaRERA.
Step 1: Understand the Eligibility for RERA Registration:
Before starting the registration process, ensure that your project meets the RERA criteria. Here are the projects that require RERA registration in Mumbai:
– Residential and commercial projects where the land area exceeds 500 sq. meters or has more than 8 apartments.
– Ongoing projects that have not received a completion certificate before RERA came into force.
– Real estate agents who are involved in marketing or selling real estate projects.
Projects that are already completed or those with a valid completion certificate do not need to register.
Step 2: Prepare the Necessary Documents:
Before initiating the registration process, gather all the required documents. These include:
– Promoter’s details: Name, address, contact details, PAN card, Aadhar card, etc.
– Project details: Title deed, landowner details, project layout plan, sanctioned building plan, project location, etc.
– Project approvals: Copies of approvals from local authorities (Municipal Corporation, Environment Clearance, etc.)
– Financial documents: Bank details, project cost estimation, and financial statements showing the promoter’s financial capability.
– Legal documents: Title report and No Objection Certificates (NOCs) from relevant authorities.
– Architect and contractor details: Including licenses and experience.
– Declaration form: Promoter’s declaration under Form B stating the legal ownership of the land and the commitment to provide quarterly updates.
Step 3: Create an Account on MahaRERA Portal :
Go to the official MahaRERA website ([https://maharera.mahaonline.gov.in/]
1. On the homepage, click on “New Registration” under the “Project Registration” tab.
2. Select your user type (Promoter, Real Estate Agent, or Complaint Registration).
3. Fill in your basic details such as name, email, mobile number, and address to create an account.
4. You will receive an OTP on your mobile to verify the registration.
5. Create a login ID and password to access the MahaRERA portal.
Step 4: Fill in the RERA Registration Form:
Once your account is set up, log in to the MahaRERA portal and select the “Project Registration” option.
1. Select Project Type: Choose whether your project is a “Residential,” “Commercial,” or “Mixed-use” development.
2. Enter Project Details: Fill in detailed information about the project, including:
– Name and location of the project
– Project size (land area, number of units, etc.)
– Development and construction timeline
– Number of phases (if applicable)
3. Upload the Documents: You will be required to upload all relevant documents (as per Step 2), including project layout, title deeds, NOCs, and approvals.
Step 5: Payment of RERA Registration Fee
The registration process involves a fee based on the type and size of the project. The registration fees can be calculated as follows:
– For residential projects: Rs. 10 per square meter.
– For commercial projects: Rs. 20 per square meter.
– For mixed-use projects: Calculated based on the respective areas of commercial and residential portions.
– The minimum fee payable is Rs. 50,000 and the maximum is Rs. 10 lakh.
Once calculated, make the payment online via the payment gateway on the MahaRERA portal.
Step 6: Submit the Application
After completing the form and paying the registration fees, review all the information provided to ensure there are no mistakes. Once satisfied, submit the registration application online.
Upon submission, you will receive an acknowledgment with a reference number for future tracking.
Step 7: Track the Application Status:
Once your application is submitted, the MahaRERA authorities will review your application and documents.
You can track the status of your application using the reference number provided at the time of submission. Log in to your account and click on “Track Application Status” to monitor progress.
Step 8: Receive the RERA Registration Certificate
If all the documents and information provided are in order, MahaRERA will grant the RERA registration number to your project within 30 days of submission.
Once the registration is approved, you will receive the MahaRERA registration certificate, which includes:
– The RERA registration number.
– The validity period of the project.
– The list of conditions imposed under the Act.
Step 9: Update Project Details Quarterly:
As a registered developer, you are required to submit quarterly updates on the progress of your project. This includes updates on construction, sales, and financial status. These updates must be submitted via the MahaRERA portal and made available to the public to maintain transparency.
Step 10: Adhere to Compliance and Completion Requirements:
Throughout the project lifecycle, developers must adhere to various compliance requirements:
– Quarterly updates on the MahaRERA portal.
– Adhering to the promised timelines for project completion.
– Ensuring that sales and marketing are conducted as per RERA guidelines.
– Applying for the Occupancy Certificate (OC) and Completion Certificate (CC) within the validity period of the RERA registration.
Conclusion:
RERA registration is a crucial step for any real estate project in Maharashtra, ensuring transparency, accountability, and buyer protection. Following the steps outlined in this guide will help you navigate the process smoothly and keep your project compliant with MahaRERA guidelines. Hiring a RERA consultant can further streamline the process, ensuring you meet all the legal and procedural requirements without any delays.
For expert guidance on RERA registration and compliance in Mumbai, RERA Vision offers comprehensive consulting services to ensure your real estate project adheres to all regulations effortlessly.