MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY

Date:- 14/01/2022

Circular No. 40/2022

 No. MahaRERA/Secy/File No. 27/ 05 / 2 022_

Sub:- Disclosure of information in public domain.

Whereas, Government of India has enacted the Real Estate (Regulation and Development) Act, 2016 (the Act) and all sections of the Act have come into force with effect from 01.05.2021.

And whereas, the Government of Maharashtra vide Notification No. 23 dated 08.03.2017 has established the Maharashtra Real Estate Regulatory Authority (MahaRERA Authority)

And whereas, the Government of Maharashtra has also notified the Maharashtra Real Estate (Regulation and Development) (Registration of Real Estate Projects, Registration of Real Estate Agents, Rates of Interest and Disclosures on Website) Rules, 2017. (the Rules) for carrying out the provisions of the Act.

And whereas MahaRERA Authority has notified the Maharashtra Real Estate Regulator v Authority (General) Regulations, 2017 (the Regulations) to carry out the purposes of the Act.

And whereas, the Chairperson MahaRERA Authority, is vested with the powers of general superintendence and directions in the conduct of the affairs of MahaRERA Authority, under section 25 of the Act.

And whereas, MahaRERA Authority has been established so as to ensure that transactions between promoters and allottees are governed by the norms of efficiency, transparency and accountability, to bring about symmetry of information between promoters and allottees and to significantly reduce frauds and delays.

In view of the above the following documents uploaded by the promoter in respect of their real estate project shall be made available in public domain, namely:

a) Form 1, being the certificate issued by the project architect at the time of registration of an ongoing project and for withdrawal of money from RERA designated account.

b) Form2, being the certificate issued by the project engineer, at the time of registration of an ongoing project and for withdrawal of money from RERA designated account.

c) Form 2 A, being the certificate issued by the engineer i. e. the site supervisor, which is be submitted at the end of every financial year till the completion of the project.

Disclosure of information in public domain by Builders under MahaRERA

d) Form 4, being the certificate issued by the architect on completion of the project.

e) Form 5, being the certificate containing the annual report on statement of accounts issued on the letter head of the chartered accountant who is the annual auditor of the promoters’ company / firm.

f) Disclosure of sold / booked inventory (building wise) in the project.

g) Report from CERSAI on security interest created in the real estate project that is available on CERSAI website at www.cersai.org.in

h) Declaration about commencement certificate.

This Circular shall be considered to have come into force with effect from 22.12.2021

By approval of Hon’ble Chairperson, MahaRERA.

(Dr. Vasant Prabhu)
Secretary, MahaRERA

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