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i. Open parking areas are provided free of FSI; ii. Promoters are not entitled to sell / allot open parking areas for monetary consideration; iii. Open parking areas, garage and covered parking space should be specifically marked and numbered at the real estate project site in accordance and as per approved / sanctioned plans and tagged to the apartment to which it is allotted
every promoter henceforth shall: – (a) Submit quarterly up-to-date status report regarding steps initiated by the promoter for execution of the registered conveyance deed. Such up-to-date status firstly shall be submitted along with the quarterly up-to-date status of the project, that the promoter shall be submitting immediately after application for obtaining occupancy certificate is submitted to the Competent Authority.
MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY Date :28/07/2021 Order No: – 19 /2021 No. MahaRERA / Secy / File No.27 / 149 /2021 Subject: Report from CERSAI Whereas Ministry of Finance notified the establishment of the Central Registry Securitisation Asset Reconstruction and Security Interest of India (CERSAI), a Government Company, incorporated for the purpose of operating […]
MahaRERA shall implement Financial Quarter Based Project Progress Reporting System for all MahaRERA registered real estate projects. Promoters shall file Quarterly Progress Reports (QPR) as per Financial Quarters within 7 days of the Quarter End ( Due Dates will be every 7th day of July, October, January and April respectively).
RERA Agreement for Sale – Standardized / Uniform contract document – across Real Estate Industry/ business – minimal scope for modification Many of you have experienced the purchase of immovable property from the builder for yourself or to your relatives or to your clients. The immovable property may be a plot or a apartment or […]
It has been more than five years since the Real Estate (regulation and development) Act 2016 was passed. One more year was given to various state governments to draft rules, set up appellate tribunals, appoint officers and for developing websites and other provisions. Ultimately, the Act was implemented with effect from 1st of May 2017. […]
Cases where the transfer is initiated by the promoter: The promoter shall have to apply to MahaRERA with the consent of two-third allottees as on the date of application in the project under consideration, to seek permission to transfer its rights and liabilities to a third party.
Whereas MahaRERA Circular No. 28/2021 dated 8th March 2021, provides for format for making application under section 7(3) for obtaining consents of at least 51 % of allottees. Where the same MahaRERA Circular No. 28/2021 also provides for format for making application under section 14(2) by obtaining consent of at least two thirds of allottees.
And whereas under sub-rule (1) of Rule 11 of the said Rules, every real estate agent required to be registered as per sub-section (2) of section 9 of the Real Estate (Regulation and Development) Act, 2016
All complaints filed with MahaRERA shall be heard and decided on merits by the respective single benches of MahaRERA or the Adjudicating Officer as the case may be as per the seniority of the complaint which shall be decided as per the date of filing / registration of the complaint
