Over 400 builders and brokers in Maharashtra registered under RERA

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RERA

With the Real Estate (Regulation and Development) Act (RERA) coming into effect, real estate developers and brokers across Maharashtra are hastening to comply with the Act’s registration requirements. The state has witnessed the registration of housing projects by more than 400 developers in the first three days of the Act’s rollout. Meanwhile, over 700 brokers have also applied for getting themselves registered under the Act. The rush amongst developers and brokers is due to the fact that the new Act does not allow them to practice until they get registered with the authority.

Experts applaud the enthusiasm of the realtors and brokers in the state and expect all ongoing residential projects to be registered in the next three months. It must be noted that Maharashtra was the first state to notify its RERA rules and one of the first to appoint an intermediate authority. Gautam Chatterjee, a senior IAS officer, has been appointed as the interim regulator in the state.

Coming into effect on May 1, the ambitious legislation requires all under-construction projects to be registered with the authority by July 2017 to comply with the regulations. The Act does not permit the launch of any projects without registration, which is a major shift from the earlier trend of prelaunch sales.

Other notable mentions in the Act are the mandatory disclosure of project-related information, including project plan, layout, and approvals, and the requirement for an escrow account. Further, RERA discourages major changes in a project until they have been received the consent of two-third homebuyers in that project.


Copyright 99acres.com


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  • Comments
  • Ravinder Kamble May 8, 20179:44 pm

    How do I register my real estate agent firm / broker.

    Reply
    1. Farozan Akhtar

      Farozan Akhtar July 17, 20175:04 pm

      You may register on your state’s RERA website, if it has been launched.

      Reply
  • HITESH JAMANLAL VORA May 14, 201710:42 am

    Dear Sir
    Kindly provide list of Builders registered under RERA or link for the same.
    Thanks and Regards
    Hitesh

    Reply
    1. Farozan Akhtar

      Farozan Akhtar July 17, 20175:06 pm

      You will be able to find the list of registered developers on your state’s RERA website.

      Reply
  • Ashish Gandhi May 15, 201712:45 pm

    i wanna register myself in RERA for Builders
    how do i do it
    plz suggest

    Reply
    1. Farozan Akhtar

      Farozan Akhtar July 17, 20175:07 pm

      You can register on your state’s RERA website.

      Reply
  • NARAYAN HARPALANI June 4, 201710:56 am

    Dear Sir.
    Pls provide list of builders / Developers who r registered under RERA.
    Thnx.
    Narayan Harpalani

    Reply
    1. Farozan Akhtar

      Farozan Akhtar June 8, 201712:51 pm

      The RERA websites are still under construction in several states and developers are in the process of registering. You will have to wait for the websites of the respective states to find the information you seek.

      Reply
  • darshan June 17, 201711:01 pm

    Can you tell me how to check whether a builder is registered with the regulator or not?

    Reply
    1. Debolena Bose

      Debolena Bose June 19, 20179:58 am

      Dear Darshan,
      The RERA websites are not ready as yet. The states will be creating websites with respective builder information.

      Reply
      1. Vijay Patil July 6, 201711:09 am

        Thanks for updates…..

        Reply
  • prakash Ganatra July 13, 20174:05 pm

    RERA web site is ready with list of builders?

    Reply
    1. Farozan Akhtar

      Farozan Akhtar July 17, 20175:08 pm

      RERA websites are still being updated as developers have till July 31 to register. Please check your state’s RERA websites for the list of registered builders and brokers.

      Reply
  • uday popat July 16, 20175:58 am

    Please provide the list of builders and project which are registered under the Maha Rera Act, because still website not showing any registration. So please obtain the list from the authority and kindly publish for the public awarness.

    Reply
    1. Farozan Akhtar

      Farozan Akhtar July 17, 20175:13 pm

      Please wait for the MahaRERA website to get updated. The purpose of the website is to give the public access to details about projects and developers. As the developers have until July 31 to register with RERA, it might take some time for the complete list to become available.

      Reply
  • sanam gehi July 17, 201710:55 am

    Dear sir

    I want to verify weather Deepak.M. Nagwani from mumbai is registered as an agent in rera.

    I will wait for ur reply.
    Thankyou

    Reply
    1. Farozan Akhtar

      Farozan Akhtar July 17, 20175:14 pm

      You may check the RERA website for this information. Ask Mr Nagwani to share his registration number which you can then cross check on the MahaRERA website.

      Reply
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