Everything You Need to Know About RERA Mumbai
Since May 2017, the Real Estate (Regulation and Development) Act of 2016 has been in effect. This law was enacted to regulate and oversee the real estate industry. Maharashtra's real estate sector is governed by the Maharashtra Real Estate Regulatory Authority (MahaRERA). In this article, we are going to be discussing all you need to know about Mumbai RERA. What is MahaRERA? The Maharashtra Real Estate (Regulation and Development) (Registration of real estate projects, registration of real estate agents, rates of interest, and disclosures on website) Rules, 2017. Registration of the project on the RERA Website under MahaRERA is required for all residential and commercial projects in Maharashtra. Builders are prohibited from advertising, booking, or selling real estate without first registering. Thus, the state of Maharashtra through MahaRERA (Maharashtra Real Estate Regulatory Authority) is responsible for: Register real estate projects and agents. Transparency i...