Whether you are a buyer, developer, or agent looking to enter the Maharashtra real estate market, it is important to be informed of the state-specific RERA regulations and norms. In addition to safeguarding homeowners, RERA was enacted to promote transparency in real estate deals.
This post will cover the complete RERA Maharashtra registration process, including the required fees and documents. It is a necessary report that maintains users and developers up to date. Contact Professional Utilities and we will help you through the process of making registration easier.
According to RERA Maharashtra, any real estate developer or agent with projects bigger than 500 square meters or eight flats must register with RERA. The developers will supply the buyers with accurate project data and a completion timeline.
Registration with RERA Maharashtra would make real estate agents lawful and compatible, avoiding legal issues while improving their reputation.
The main objective of RERA Maharashtra is to make real estate transactions transparent and open. When a developer or agent registers with the RERA, the buyer knows that the money he invests is protected.
RERA registration is required in Maharashtra, and projects cannot be promoted, sold, or booked without it. If they do not comply with this obligation, the developers or agents may face fines of as much as 10% of the project's cost, as well as imprisonment.
The following parties are required to register with RERA Maharashtra.
The RERA Maharashtra registration process is straightforward but needs to be completed accurately. Below is a step-by-step breakdown:
The RERA authority differs by state, and in Maharashtra, the registration process must be performed through the Maharashtra RERA Registration Portal. This portal was designed to allow developers and agents operating in Maharashtra to submit project or agency registration details as required by the Maharashtra Real Estate Regulatory Authority.
When applying, make sure you select the correct category (developer or agency). Developers must provide details about the project, and agents must supply personal and business information. However, the RERA Maharashtra registration web platform is simple to use, however, understanding the necessary parts can be tough if you lack prior experience.
During the RERA Maharashtra registration process, you will need to give certain information, such as:
Once you've completed the application, you must pay the RERA Maharashtra registration fees. RERA registration fees for residential projects typically range from 10 to 15 per square metre, depending on the project size. Group housing projects cost ₹10 per sq. m for up to 1,000 sq. m, and ₹15 per sq. m for larger ones. Fees for commercial sectors range from 20 to 25 per square metre, depending on project size. The maximum fee for any project is restricted at ₹10 lakh to keep expenses under control.
The RERA Maharashtra authority will verify your documentation when you submit the application and pay the requisite RERA registration cost. When everything checks out, your project will be assigned a unique registration number.
Once registered, the RERA Maharashtra registration number must be prominently displayed in all promotional materials, assuring buyers of compliance with the law.
Depending on whether you are a developer or a real estate agent, different documents are necessary to register with RERA Maharashtra. Below is a checklist:
RERA registration fees in Maharashtra differ based on the applicant type. Developers are charged between ₹10 and ₹25 per sq. m., with a maximum cap of ₹10 lakh. Real estate agents pay ₹10,000 (for individuals) or ₹50,000 (for firms and companies). The detailed fee structure is as follows:
| Category | Type | Fee Details |
|---|---|---|
| For Developers | Residential Projects | ₹50,000 for projects with a carpet area of up to 500 sq. m. |
| ₹1,00,000 for projects with a carpet area exceeding 500 sq. m. but less than 1,000 sq. m. | ||
| ₹5 per sq. m. for projects over 1,000 sq. m. | ||
| Fee capped at ₹10 lakh | ||
| Commercial Projects | ₹10 per square meter, with a minimum fee of ₹50,000 | |
| Fee capped at ₹10 lakh | ||
| For Real Estate Agents | Individual Agents | ₹10,000 registration fee, valid for 5 years |
| Other Entities | ₹1,00,000 registration fee, valid for 5 years. |
Note: Professional fees for RERA registration in Maharashtra start at ₹99,000. All the above fees are exclusive to GST.
Obtaining RERA Maharashtra registration provides various benefits:
Conclusion
Every real estate agent and developer in Maharashtra is required to register their projects with RERA. It increases transparency, keeps buyers on alert, and makes sure the rules are obeyed. Whether you're a developer starting a new project or a sales agent, obtaining an RERA registration is not only important to prevent legal issues, but it's also incredibly useful in terms of reputation.
We at Professional Utilities are here to assist you in completing your RERA Maharashtra registration and easily comply with all the state criteria.
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It is mandatory to register with RERA by developers and real estate agents to ensure transparency and protect buyers interests.
The developers and agents who undertake projects greater than 500 square meters or have over eight units have to register.
Getting RERA Registration in Bihar can be simpler and quicker compared to Maharashtra. Bihar has fewer applications and easier local procedures, while Maharashtra, being highly urbanized, may involve more verification steps and longer processing times.
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