RERA Registration Fees: What Every Property Owner Should Know

RERA Registration Fees: In the Real Estate (Regulation and Development) Act 2016, the Government of Maharashtra established the Maharashtra Real Estate Regulatory Authority, also called Maha RERA, through Notification No. 23 to promote and regulate real property within the state.

With this initiative, RERA Maharashtra will promote and grow an honest, healthy, efficient, and effective real estate industry. It will also work to safeguard the interests of buyers, promoters, and real estate agents.

RERA Registration Fees and Charges

Real estate agents are at the central point of the real estate market. They act as mediators, facilitating the transactions between builders and buyers. With RERA which is due to be in force, all brokers will need to register in a mandatory manner by the state-level regulator’s authorities. Realtors will be issued an identification number from the authorities. It is valid for five years. The number will be used for every transaction that is facilitated by the agent.

Real estate agents can be penalized if they falsify any information about the projects to potential buyers. Penalties can go up to 10,000 rupees per day and up to 5% of the total cost of the project. Real estate agents are also required to maintain books of the accounts of projects they work on and they are accountable for them.

The following are fees and charges that are associated with RERA Maharashtra

*Excluding tax and bank charges

RERA Government Fees

How to Register in RERA Maharashtra

Here are the steps you must follow to join RERA Maharashtra:

Step 1: Visit Rera Maharashtra Official Website.

Step 2: Click on ‘ New Registration ‘ to create a new user.

Step 3: You’ll be taken to a brand new page in which you’ll need to choose ‘User Type’ (promoter/real estate agent, or citizen).

Step 4: Enter all the required information based on your user type selection.

Step 5: After you have verified your email address, you can log in to your account.

Read This Also: RERA Consultant: Your Experts for Smooth Real Estate Deals

How do I make a Complaint to MahaRERA?

An portal online for the submission of complaints was designed by MahaRERA. You can make complaints through the portal by following the steps listed below:

Step 1: Register yourself on the portal online by creating your Username as well as a Password. For this, you have to go to the official website of the Maharashtra Real Estate Regulatory Authority.

Step 2: Click on ‘ New Registration’.

Step 3: Enter the required information such as user name, state, password, phone number, and email address along with the captcha number.

Step 4: Register on the computer with the login username and password.

Step 5: Go to “Accounts” and go to My Profile.

Step 6: Fill in details, such as your name and address for official communications along with your mobile number and email ID.

Step 7: Click the ‘Complaint Details’ tab and then click the option to add new complaints. Start filling in the required information according to the instructions.

Step 8: Add documents, declarations, and other files.

Step 9: Once you have filed your complaint, go to the tab for payment. The payment can be made via offline or online mode.

Documents Required

A list of the documents that are required to be registered is different for a promoter, an agent, or a citizen. Here are the information to help you:

As a Promoter

1. PAN Card.
2. A copy of the title legal report.
3. The details of the encumbrances.
4. Copy of layout approval as well as approval of the building plan.
5. Proforma signed by the owner of the allotment letter and agreement to sell.
6. Declaration in Form B.
7. The architect’s certificate (Form 1 – required for ongoing projects only).
8. The architect’s certificate (Form 4).
9. Certificate issued by CA (Form 3).
10. Certificate issued by the CA (Form 5).
11. Certificates of Engineers. (Form 2 mandatory for ongoing projects only).
12. Certificates for commencement.

As an Agent

1. PAN Card.
2. Information on Registration, including bylaws.
3. Memorandum of Association.
4. Articles of Association.
5. A self-certified copy of each letterhead.
6. Self-certified copy of the letterhead rubber stamp.
7. Receipts of acknowledgment are proposed to be utilized by the realtor.
8. Income tax returns from the 3 years before declaration.
9. Criminal or civil instances.

Important Objectives Of RERA Act Maharashtra

The principal goals that are the focus of the RERA Act in the state of Maharashtra are:

1. It brings efficiency and transparency into the real estate market.
2. It is clear about the sale of the plot, the project apartment building, and more.
3. It provides a means to quickly resolve disputes.
4. It defends clients’ interests in real estate.
5. It defines the concept of an Appellate Tribunal so that any kind of misconduct can be reported by the purchaser.

Read This Also: RERA Agent Registration Fees in Maharashtra

FAQs on MahaRERA

What is MahaRERA?

The governing body that regulates the real estate sector in Maharashtra is MahaRERA (Maharashtra Real Estate Regulatory Authority) and all property within the state must be registered by real estate developers on (https://maharerait.mahaonline.gov.in) to book, sell, or advertise any real estate located within the state.

How can I locate the projects that are available on MahaRERA?

To find projects on MahaRERA, visit the official website (https://maharerait.mahaonline.gov.in/) log in, and click on ‘Registered Projects’ under the ‘Registration’ tab. Input the information including location, and the project’s name, and get all relevant details, including FSI information, past projects, and the experiences of developers, as well as any details regarding litigation and development projects, etc.

What’s the distinction between RERA MahaRERA and MahaRERA?

The Real Estate Regulatory Authority (RERA) is a state-controlled board established in the RERA Act by the state government. RERA allows buyers to invest in authentic projects exclusively. MahaRERA is the regulatory board that oversees the real estate industry within Maharashtra.

What are the advantages of MahaRERA?

The major benefits of MahaRERA are hassle-free and authentic real estate investments, increasing transparency for buyers, and bringing uniformity to real property transactions. Registration is required for real estate professionals as well as agents as per the RERA Act in 2016.

What are the project fees for registration in RERA Maharashtra?

Individual real estate agents for individual real estate agents, the registration cost at RERA Maharashtra is Rs.10,000 per 1,000 square. meters or 12 units. For real estate partnerships the registration fees for projects of up to 1,000 square meters or 12 units, and greater than 1,000 square meters (or more than 12 units) is Rs.1 lakh and the cost is Rs. 5 per square meter more in both instances, respectively.

Does the MahaRERA website contain the list of abandoned projects?

Yes, you can view the list of expired projects and all details about the projects that have been canceled are accessible on the MahaRERA website.