Buying a property in Maharashtra is one of the best investments that one does for personal security. For this sake, it is critical that you know that the property you are investing in is a safe proposition. Here is where due diligence in property buying plays a vital role.
A key step in eliminating fraud in property investment is to check if the project in Maharashtra that you will be investing in is registered with RERA Maharashtra. In this guide, we detail how to check MahaRERA registered projects.
What is MahaRERA?
MahaRERA is the real estate regulatory body that monitors realty projects in the state of Maharashtra and the union territories (UTs) Dadra and Nagar Haveli and Daman and Diu. This is based on the Real Estate (Regulation and Development) Act, 2016, that was introduced by the union government to bring in transparency and organise the real estate sector. It is mandatory for all projects in Maharashtra and the two UTs to be MahaRERA registered. A penalty of around 10% of the total project cost will be levied on projects that are not-registered with the MahaRERA.
Why is it important to check projects on MahaRERA?
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- Legitimate project: If a project is MahaRERA registered, then it means that it will comply with all the legal guidelines.
- Prevent risky investments: You have a section on MahaRERA called revoked projects. It’s a good idea to check here as listed here are projects whose registration has been revoked by the authority on the basis of non-compliance.
- Transparency: One gets access to project details including current status, certificates pending, money spent till now, possession date etc. thereby making real estate buying a transparent operation.
- Standardisation: MahaRERA has introduced a standardised process in the real estate segment such as RERA carpet area calculation etc. This provides clarity to the homebuyer on what he is paying for.
- Status of project: MahaRERA classifies whether a project is under-construction, completed or abandoned. This information helps homebuyers with their property investment.
- Protects financial interests of home buyers: MahaRERA protects financial interests of homebuyers by making the developer deposit over 70% of the amount received for project construction from the customers in a separate escrow account. With this, the funds can’t be diverted to any other project of the developer or cannot be used for any other purpose too.
What Maharera project details should a homebuyer check?
- Details of developer: name, contact number, MahaRERA registration number
- Project approvals received: A home buyer can check all the approvals that the developer has got for the project such as clearances from the environment ministry, building plan approvals from the local body, Airport authority of India and all other mandatory approvals.
- Funds allotted for the project: You can check the funds that the developer has collected from homebuyers for this project and how it will be used periodically.
- Floor plans: This will give details about the floor plan of the project helping a home buyer make an informed investment decision.
- Carpet area: You can check the RERA carpet area that the project will have. This will detail the actual usable space a project will have.
- Amenities: All RERA Maharashtra registered projects have to mention details of the amenities and facilities (if any) such as club house, gym, tennis court, swimming pool, kids play area etc. present in the project.
- Grievances: A home buyer can check all complaints registered about the developer. This will help establish the developer’s track record. Note that MahaRERA has a fast-track grievance redressal system in places that provides quick resolution of disputes between homebuyers and developers.
How to search MahaRERA registered projects online?
Mentioned below are the steps to follow to check if a project is MahaRERA registered or not.
- Visit the Maharashtra Real Estate Regulatory Authority website -MahaRERA on https://maharera.maharashtra.gov.in/
- Click on Home Buyers and select Registered Projects listed under Projects. Enter the MahaRERA registration number/ Pincode/Completion date/State/Division or District and click on Search.
- You will see the project details.
- Click on view details and view original application to gather all information related to the project. You will be led to an external website. Enter captcha and proceed.
MahaRERA: Project details that you can access
Under project registration details, you will have access to
- Basic project details including location, project type and name, status, completion date. This also gives details about the organisation and its official website.
- Landowner and land details such as name, total land area of approved layout, land area for project applied for this registration etc.
- Commencement certificate
- Project address details such as plot bearing number, final plot number, latitudes, longitudes of project boundaries, project state/ union territory, division, district, taluka, village, street, locality and pincode
- Built-up area in sqm
- Promoter details such as promoter official communication address, promoter’s past experience details, authorised signatory.
- Legal documents, allottee grievance redressal officer, SRO details, litigation details, investor details
- Building details including building name, apartment type, carpet area, number of apartments and number of apartments booked.
- Development work
Under this is covered details of all the amenities and facilities in a project such as:
- Internal roads, footpaths
- Solar panels and rainwater harvesting
- Fire safety requirements
- Electrical meter room, sub-station, receiving station, DG
- Water supply lines
- Sewerage
- Sewage treatment plant
- Landscaping
- Street lights
- Parking details including number of stilt parking and number of open parking.
- Phase details if the project is being developed in phases.
- Bank details such as bank name, bank IFSC code, financial encumbrance documents.
MahaRERA: Documents that homebuyers should check
In the MahaRERA website, under the section ‘Uploaded Documents’, homebuyers can view and download documents related to the project. These include:
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- Layout approval
- Building plan approval
- Legal title report
- Encumbrance details
- Commencement certificates/ NA order for plotted development
- Conveyance status
- Form B declaration
- Performa of the allotment letter and agreement for sale
- Conveyance status
- Other important documents
MahaRERA: How to check projects under litigation?
- Go to https://maharera.maharashtra.gov.in/
- Click on Appellate Tribunal from the top banner and select ‘Orders’.
- The search order for the litigation can be checked by searching name in the bar or by scrolling through the list that you see.
MahaRERA: How to check projects where registration has been revoked?
Based on a complaint received by MahaRERA, the organisation has the right to revoke the registration of a project. This is mostly done in case the promoter is involved in fraudulent activities or unfair practices. Once revoked the promoter cannot sell the project in the real estate market. If need be, MahaRERA will help with project completion so that homebuyers don’t suffer. MahaRERA also has the authority to auction a project in case of delays to refund the investors.
Mentioned below is how MahaRERA has revoked projects.
- Go to maharera.mahaonline.gov.in
- Under ‘Registration’ tab, click on ‘Projects – Registration Revoked.
- You can see the projects that are revoked and you can also see and download the revocation order
MahaRERA: How to check registered real estate agents?
While buying a home, you should know that if you are buying through an agent, he is a MahaRERA registered agent. For this, log on to the MahaRERA website and then under registration tab, click on registered agents. Enter agent’s credentials and see if he is registered with MahaRERA.
MahaRERA: How to inform about non-registered projects?
On the MahaRERA website, homebuyers can complain about under-construction projects that are not registered. They need to provide location, project name and developer name so that the RERA can investigate and penalise them if found guilty.
How to check for expired projects on MahaRERA?
In case of non-compliance with MahaRERA or a project registered initially with the regulatory body but not completed, the project’s registration expires. In such a case, the developer cannot market, book or sell his project unless he has renewed his MahaRERA membership.
- To find if a project has expired, log on to maharera.mahaonline.gov.in.
- Under Lapsed projects, click on ‘Registration’. You can check the list of expired projects.
Housing.com POV
Before investing, by checking project details on MahaRERA, one gets access to the details such as blueprint of the project, area of the project, cost of the project, amenities covered, parking spaces, expected time of completion etc. It also includes all the mandatory certificates that the project has received from authorities, in the absence of which can stall the project.
FAQs
Can MahaRERA registered projects be checked without login?
Yes, you can search for a MahaRERA project without having to login on the MahaRERA website.
Is it mandatory to register with MahaRERA?
Yes, it is compulsory for all new projects to be registered with the MahaRERA. Any project that is not registered will have to pay a penalty of 10% of the project cost.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |