Understanding the MAHARERA Registration Process: A Comprehensive Guide

The Real Estate (Regulation and Development) Act, 2016, popularly known as RERA, was enacted to regulate and promote the real estate sector in India. Maharashtra was one of the first states to implement RERA, and the Maharashtra Real Estate Regulatory Authority (MAHARERA) was established to oversee the registration and regulation of real estate projects in the state. If you are a real estate developer or agent in Maharashtra, it is mandatory to register under MAHARERA to carry out any real estate project. In this guide, we will take you through the MAHARERA registration process step-by-step.

Who needs to register under MAHARERA?

Real estate developers and agents who wish to sell, advertise or market a real estate project in Maharashtra must register under MAHARERA. The following entities are required to register under MAHARERA:

Real Estate Developers:

- Those who intend to develop a new project on a land area of more than 500 square meters or more than eight apartments

- Those who intend to develop a new phase in an ongoing project on a land area of more than 500 square meters or more than eight apartments

Real Estate Agents:

- Those who intend to facilitate the sale or purchase of a property registered under MAHARERA

To get more information on this topic, refer to this article: MAHARERA Registration: Who Needs to Register? and why?

What is the MAHARERA registration process?

Real Estate Developers:

- Step 1: Go to the MAHARERA website and create an account

- Step 2 : verify your email-id

- Step 3 : Now login

- Step 4: Fill in the online registration

- Step 5: Add Past Experience details (If any)

- Step 6: After verification of the documents, the developer will receive a registration number and login credentials

- Step 7: The developer can log in to the MAHARERA website and submit project details

Real Estate Agents:

- Step 1: Go to the MAHARERA website and create an account

- Step 2 : verify your email-id

- Step 3 : Now login

- Step 4: Fill in the online registration

- Step 5: Add Past Experience details (If any)

- Step 6: Add branch office details

- Step 7: upload the required documents

- Step 8: Pay the registration fee online

- Step 9: After verification of the documents, the agent will receive a registration number and login credentials

- Step 10: The agent can log in to the MAHARERA website and submit project details

Get more information on what Happens if You Don't Register under MAHARERA? Consequences

What are the documents required for MAHARERA registration?

Real Estate Developers:

- PAN card of the promoter

- Title deed of the property or lease agreement

- Commencement certificate

- Layout plan of the project

- Building plan of the project

- Development agreement

- Details of approvals and clearances

- Architect's certificate

- Details of contractors and architects

- Details of the project, including the number of apartments, carpet area, amenities, etc.

- Declaration stating that the project will be completed on time

Real Estate Agents:

- PAN card of the agent

- Address proof of the agent

- Authorization letter from the developer

- Details of the projects registered under MAHARERA

- Declaration stating that the agent will not promote any unregistered project

To get more information on this topic, refer to this article: What are the documents required for MAHARERA project registration?

What is the registration fee for MAHARERA?

The registration fee for MAHARERA varies based on the type of project and the size of the property. The fee is calculated based on the following formula:

Registration Fee = (Project size x Registration Fee per square meter) + GST

The registration fee per square meter is set by the respective state RERA authority. In Maharashtra, the registration fee per square meter is as follows:

- Residential Projects: Rs. 5 per square meter

- Commercial Projects: Rs. 10 per square meter

The registration fee is capped at Rs. 10 lakh for residential projects and Rs. 30 lakh for commercial projects.

To get more information on this topic, refer to this article: MAHARERA Registration Fee: All You Need to Know

What are the benefits of MAHARERA registration?

For Real Estate Developers:

- Boosts transparency in the real estate sector

- Helps to build trust among homebuyers

- Reduces the risk of legal disputes

- Ensures timely completion of projects

For Homebuyers:

- Provides access to detailed project information

- Ensures that the project is registered with MAHARERA and meets all the necessary approvals

- Provides a platform to raise complaints and grievances

- Ensures timely delivery of the project

To get more information on this topic, refer to this article: The Importance of MAHARERA: Benefits for Homebuyers and Builders in Maharashtra

What are the consequences of non-registration under MAHARERA?

For Real Estate Developers:

- Heavy penalties and fines

- Imprisonment for up to 3 years

- Prohibition from selling any property in the state of Maharashtra

For Homebuyers:

- No protection under MAHARERA

- No platform to raise complaints and grievances

- Higher risk of legal disputes

To get more information on this topic, refer to this article: What Happens if You Don't Register under MAHARERA? Consequences Explained

How long is the MAHARERA registration valid for?

According to the latest rules, MAHARERA registration is valid for a period of five years from the date of issue. After this period, the registration needs to be renewed. The renewal process is similar to the initial registration process, and developers need to provide all relevant information and documents.

To get more information on this topic, refer to this article:  How Long is MAHARERA Registration Valid For? How can you renew it?

How can I check the status of MAHARERA registration?

The MAHARERA website provides a search facility where users can search for registered projects and agents. Users can enter the registration number or the name of the project or agent to check the status of registration.

To get more information on this topic, refer to this article:  Easily Track the Status of Your MAHARERA Application

The MAHARERA registration process is a mandatory requirement for all real estate developers and agents in Maharashtra. By registering under MAHARERA, developers can boost transparency, build trust, and ensure timely completion of projects. Homebuyers, on the other hand, can access detailed project information, ensure that the project is registered with MAHARERA, and raise complaints and grievances. Non-registration under MAHARERA can lead to heavy penalties and fines, imprisonment, and prohibition from selling any property in the state of Maharashtra. It is, therefore, essential for all real estate developers and agents to follow the MAHARERA registration process diligently.

Note: The information provided in this article about Maharashtra Real Estate Regulatory Authority (MahaRERA) is for informational purposes only. It is not intended as legal or professional advice and readers should consult qualified professionals for advice specific to their circumstances.

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