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RERA Maharashtra

RERA Maharashtra

How Maharashtra worked towards RERA implementation

The Government of Maharashtra had released a draft version of rules in December, after which state government had sought suggestions and objections from various stakeholders. After seeking out all the suggestions and objections which the state government received, the final rules were approved and will come into effect from May 1, 2017.

Anti-discriminatory clause

After getting piles of complaints from buyers about builders denying selling flats due to buyers’ religion, marital status and dietary preferences, Maharashtra Government also incorporated an anti-discriminatory clause under RERA. Also, the Maharashtra government added news rules under RERA such as parking spaces, which can now be sold by builders, to regulate these sales. State government has mandated that builders should disclose the sales of these parking spaces. Prevailing rules grant co-operative housing societies to distribute parking spaces among its members. Overall, the RERA Act adds many other rules which can regulate the real estate sector more comprehensively.

  • Purchasing parking slot will be easy for the buyers
  • Buyers will have all the information about the project and sales figure on the website which will be updated every 3 months will help buyers to over view the project
  • Buyer can sell the project which has a complition certificate from RERA , even if N numberof flats have been made with out a certificate he cannot sell it
  • 1 year of extension can be provided providing genuine reasons , so now fine will be imposed on builder 10%
  • each day of delay but from developers in which again buyers are bruised .
  • No changes to be made with out prior permission of buyers
  • RERA will also cover agents in the norms in case of cheating or false promises consumer can take legal action.

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