What is MahaRERA?
MahaRERA stands for Maharashtra Real Estate Regulatory Authority, the state-level body that implements the Real Estate (Regulation and Development) Act, 2016 (RERA) in Maharashtra. The RERA Act aims to regulate the real estate sector in India by ensuring transparency, accountability, efficiency, and consumer protection. MahaRERA was established on 1st May 2017 and has its headquarters in Mumbai.
What are the functions of MahaRERA?
- To register real estate projects and agents in Maharashtra and maintain a database of them on its website.
- To monitor the progress and quality of registered projects and ensure compliance with the RERA Act and rules.
- To adjudicate complaints and disputes between promoters, agents, and allottees of registered projects and impose penalties or sanctions for violations.
- To promote awareness and education among stakeholders and the public about the RERA Act and its rules.
- To advise the state government on matters related to the development and regulation of the real estate sector.
How can one check the MahaRERA status of a project?
Step 1 – Visit the official website of MahaRERA at https://maharera.mahaonline.gov.in/
Step 2 – On the MahaRera website homepage, click on the ‘Registration’ tab and choose Registered project
Step 3 – You can search for a project by entering the name, registration number, location, or other criteria in the search box. Alternatively, you can browse the list of projects by clicking on ‘View All’.
Step 4 – Once you find the project, click on its name or registration number to view its details. You can see information such as project status, completion date, amenities, layout plan, sanctioned plan, approvals, financials, litigation history, agent details, etc.
Step 5 – You can also View, download or print the project certificate by clicking on ‘Download Certificate’ or ‘Print Certificate’
What are the benefits of checking MahaRERA’s status before purchase?
By checking MahaRERA’s status, buyers can verify the authenticity and credibility of a project before investing in it. They can also compare different projects or agents based on their features, prices, ratings, reviews, etc. Moreover, they can file complaints or grievances against any project that violates the RERA Act or rules through the MahaRERA website.
MahaRERA is a landmark initiative that has brought a positive change in the real estate sector of Maharashtra. It has increased transparency, accountability, efficiency, and consumer protection. It has also boosted investor confidence and encouraged real estate development in the state.
Joyville Homes, a subsidiary of Shapoorji Pallonji, offers five premium residential projects in Mumbai and Pune, all of which are MahaRERA registered. To know more about these properties and explore offers and pricing, visit – https://www.joyvillehomes.com/
Originally published at https://realestateandepc.wordpress.com on June 8, 2023.
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