RERA Property Advocate, Lawyers, Consultants In Mumbai, Maharashtra


The Property’s is an online property portal providing information about RERA registration, RERA Property Advocate, Lawyers, Consultants In Mumbai, Maharashtra RERA Property Advocate you are planning for any advocate or consultant for any property in Mumbai contact us, RERA Consultants in Mumbai is such advisory body whose purpose is to guide the people to real estate. RERA Consultants in Maharashtra is such platform which has done thorough research on the official book. We offer consulting services to the promoters and the agent for get registered under RERA.

Key Components of RERA Act

The key components of Real Estate (Regulation and Development) Act,2016 are as follows:

Real Estate Project Registration
Real Estate Agent Registration
Filing of Complaints
Financial Discipline
Citizen Centricity & Transparency
Real Estate Projects Registration

You can register Online through MahaRERA portal which shall go-live on 1st May 2017. The fees for the registration is Rs. 10 per sq. m of Land Area, subject to minimum Rs 50,000 and maximum Rs. 10 lakhs only. The mode of payment is NEFT or RTGS System or any other digital transaction mode.

Process Flow of RERA Registration


Ninety Day Window


All promoters of Ongoing Projects have ninety day window for completing registration of Projects. Post which promoter shall not advertise, market, book, sell or offer for sale or invite persons to purchase in any manner any plot, apartment or building.

Project Updates


The promoter is expected to regularly update the information on the webpage but once in 3 months updating information on the website related to progress of the project is mandatory.

Penalties


If any promoter fails to register as per Act, he shall be liable to a penalty which may extend up to ten per cent of the estimated cost of the real estate project. On continued violation, he shall be punishable with imprisonment for a term which may extend up to three years or with fine which may extend up to a further ten per cent or with both.

Real Estate Agent Registration

You can register online through MahaRERA portal which shall go-live on 1st May 2017. If the applicant is an individual, then registration fee is Rs. 10,000. If applicant is other than an individual, then the fee is Rs. 1 Lakh. The mode of payment is NEFT or RTGS System or any other digital transaction mode.

Process Flow for RERA Registration


Validity


5 years

Jurisdiction


Registration shall be valid only for Maharashtra

Listing


Every Agent has to be listed by Promoter during the Project Registration / Status Updates. Without which Agent can’t market the project.

Penalties


If any real estate agent fails to register, he shall be liable to a penalty of ten thousand rupees for every day during which such default continues, which may cumulatively extend up to five per cent of the cost of plot, apartment or buildings, as the case may be, of the real estate project, for which the sale or purchase has been facilitated.

Filing of Complaints

Complaint Filing

Complaints can be filed with respect to registered projects

Mode

The aggrieved person can file complaints online or at MahaRERA IT Helpdesk in “Form A” provided by MahaRERA

Fees

The fees for filing a complaint is Rs. 5000. The mode of payment is NEFT or RTGS System or any other digital transaction mode.

Complainant

Any interested party including Allottee, Promoter and Real Estate Agents can file complaints

Form

The aggrieved person can file an application online as per format provided by MahaRERA. It shall include the following details:

  • Registration number of the project to which the complaint pertains
  • Particulars of the complainant and respondent
  • Facts of the case
  • Relief Sought
  • List of Enclosures and so on

Although the form is filled online, hard copies shall be required after registration of complaint from time to time.