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RERA Rules in Maharashtra
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Summary
Article
The RERA Act Maharashtra is the set of rules set by the Maharashtra state government under the Real Estate Regulatory Authority of India (RERA) for the entire real estate industry. All operations related to purchasing, registering, etc. must be undertaken as per these MAHARera rules. All MahaRERA rules as listed below chapter-wise.
CHAPTER 1 - PRELIMINARY
Rule: 1 – Short title and commencement
(1) These rules may be called the Maharashtra Real Estate (Regulation and Development) (Registration of real estate projects, Registration of real estate agents, rates of …
Rule: 2 – Definitions
(1) In these rules, unless the context otherwise requires,– (a) “Act” means the Real Estate (Regulation and Development) Act, 201…
CHAPTER 2 - REAL ESTATE PROJECT
Rule: 3 – Information to be furnished by the promoter for the registration of real estate project
(1) The promoter shall furnish to the Authority such information as is required under the Act and documents, specified under the sub-sections (1) and (2) of section 4 of …
Rule: 4 – Disclosure by promoter of ongoing real estate projects
(1) The promoter of an ongoing real estate project, in which all buildings as per sanctioned plan have not received occupancy certificate or completion certificate, as th…
Rule: 5 – Withdrawal of amounts deposited in separate account.
(1) With regard to the withdrawal of amounts deposited under sub-clause (D) of clause (l) of sub-section (2) of section 4, the following provisions shall apply:- …
Rule: 6 – Grant or rejection of registration of the project.-
(a) Grant of Registration of the Project.-Upon the registration of any real estate project as per section 5 read with rule 3, the Authority shall issue to the Promoter a …
Rule: 7 – Extension of registration of the Real estate project
(1) An application for extension of the real estate project shall be made to the Authority, in Form “E”, along with an explanatory note setting out the ground…
Rule: 8 – Revocation of Registration of the project
(1) Upon revocation of registration of a project as per section 7, the Authority shall inform the promoter and the concerned competent authority about such revocation in …
Rule: 9 – Formation of legal entity and transfer of title
(1) Promoter to enable formation of Legal Entity like Cooperative Society, Company, Association, Federation etc. under clause (e) of sub-section (4) of section 11 of the …
Rule: 10 – Agreement for Sale
(1) For the purpose of sub-section (2) of section 13, the agreements for sale shall be in conformity with the provisions, rules and regulations made there under and shall…
CHAPTER 3 - REAL ESTATE AGENT
Rule: 11 – Application for Registration by the real estate agent
(1) Every real estate agent required to be registered as per sub-section (2) of section 9 shall make an application in writing,- in case of registered real estate project…
Rule: 12 – Grant of registration to the real estate agent or rejection of registration
(1) The Authority, may, within 30 days of receipt of application, satisfying itself of the fulfilment of such conditions,— (a) accept the application a…
Rule: 13 – Renewal of Registration of real estate agent
(1) A real estate agent to whom registration has been granted under section 9 may, make an application for renewal of his registration, at least sixty days prior to the e…
Rule: 14 – Obligations of registered real estate agents
(1) Every registered real estate agent shall prominently display number of his Registration Certificate at the principal place of business and at its branch offices. …
Rule: 15 – Revocation of Registration of real estate agent
(1) Where any real estate agent who has been granted registration certificate number commits breach of any terms and conditions specified under these rules or regulations…
Rule: 16 – Maintenance and preservation and production of books of accounts, records and documents
Every registered real estate agent shall maintain and preserve such books of accounts, records and documents as he may be required in accordance with the provisions of th…
Rule: 17 – Other functions of a real estate agent.
The real estate agent shall provide assistance to enable the allottee and promoter of each real estate project, to exercise their respective rights and fulfil their respe…
CHAPTER 4 - RATE OF INTEREST PAYABLE BY PROMOTER AND ALLOTTEE AND TIMELINES FOR REFUND
Rule: 18 – Rate of interest payable by the promoter and the allottee
The rate of interest payable by the promoters to the allottees or by the allottees to the promoters, as the case may be, shall be the State Bank of India highest Marginal…
Rule: 19 – Timelines for refund
The refund of any amount which is payable by the promoters to allottees along with the applicable interest and compensation, if any, under the Act or the Rules and Regula…
CHAPTER 5 - DETAILS TO BE PUBLISHED ON THE WEBSITE OF AUTHORITY
Rule: 20 – Details to be published on the website regarding real estate projects
(1) For the purpose of clause (b) of section 34, the Authority shall ensure that all the disclosures made by the promoters to the authority with regard to the Real Estate…
Rule: 21 – Details to be published on the website regarding real estate agents
For the purpose of clause (d) of section 34, the Authority shall ensure that the following information shall be made available on its website in respect of each real esta…
Rule: 22 – Obligation of the Authority to ensure cyber security of its website
The Authority shall ensure adequate measure to ensure cyber security of its Website a back-up, in digital form, of the contents of its Website in terms of this rule, and …
CHAPTER 6 - MISCELLANEOUS
Rule: 23 – Application of other laws not barred
Nothing in these rules or the regulations of the Authority shall be construed to be in derogation of, provisions of any other laws or rules for the time being in force an…