{"id":1140,"date":"2021-03-08T12:49:24","date_gmt":"2021-03-08T12:49:24","guid":{"rendered":"http:\/\/www.randivekadamassociates.com\/?page_id=1140"},"modified":"2021-03-20T06:04:13","modified_gmt":"2021-03-20T06:04:13","slug":"faqs","status":"publish","type":"page","link":"https:\/\/www.randivekadamassociates.com\/faqs\/","title":{"rendered":"FAQ’s"},"content":{"rendered":"\t\t
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Frequent Questions Answered<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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FAQs<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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General (FAQ's)<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhich areas of Maharashtra are included in the Planning Area as defined in the Act?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

In accordance with notifications issued by Urban Development Department of Government of Maharashtra, MR & TP Act is applicable to all the districts of Maharashtra. Hence, all areas of Maharashtra are included in Planning Area as defined in Section 2(zh) of the Act.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tDoes the definition of \u2018promoter\u2019 include public bodies such as Development Authorities and Housing Boards?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

The Act covers all bodies (private and public) which develop real estate projects for sale to the general public. Section 2(zk) defines the term \u2018promoter\u2019 which includes both private and public real estate promoters. Thus, both Development Authorities and the Housing Boards, when involved in sale are covered under the Act.<\/p><\/section>

<\/section><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tIf a real estate project has land area more than 500 sqmts but containing less than 8 apartments. Does it still need to be registered?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Yes. Every real estate project which has land area more than 500 sqmts or has more than 8 apartments needs to be registered<\/p><\/section>

<\/section><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tDoes advertisement include solicitation by emails and sms? Is issuance of prospectus considered to be a case
of \u2018advertisement\u2019?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Yes. Every real estate project which has land area more than 500 sqmts or has more than 8 apartments needs to be registered<\/p><\/section>

<\/section><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tCan advertisement be issued for a new project after 1st May, 2017 without registering the said project?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

No. The advertisement issued, for a new project, after1st May 2017 must carry the MahaRERA Registration Number of the project.<\/p><\/section>

<\/section><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tDoes the term \u2018allottee\u2019 include secondary sales?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

As per section 2(d) an allotteeincludes a person who acquires the said \u2018apartment \/ plot\u2019 through transfer or sale, but does not include a person to whom such plot, apartment is given on rent. The Act doesn\u2019t include rental projects, lease \/ leave and License deals.<\/p><\/section>

<\/section><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tIs it permissible to sell parking to allottees?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

The position of parking is as follows;
Open Parking Area: This has been clearly included in the definition of “Common Areas” which need to be conveyed to the Association of Allotteesafter Occupancy Certificate is received. Hence, sale or allotment of Open Parking Areas by the Promoter is not permissible.
Covered Parking as defined in 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 is permitted to be sold.
Garage as defined in the Act is permitted to be sold.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tIs there some fee, in addition to the fees prescribed in the Rules, to be charged from promoters, real estate agents and complainants for the MahaRERA website uploading and online services?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Yes. It has been detailed in the MahaRERA Order available on the MahaRERA website.<\/p><\/section><\/div><\/div><\/div>

\u00a0<\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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FAQ's from Consumer Perspective<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tIs it mandatory for the promoter to obtain permissions for the real estate project before applying for registration to MahaRERA?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Yes, the layout of the real estate project has to be approved. However, the promoter may include some buildings in his application of registration where apartments are proposed and the Building approvals are pending. Building Approval for the apartment must be obtained before the agreement for sale is signed between the promoter and buyer, regarding the said apartment.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is the penalty prescribed for non-registration of a project under the Act?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

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 of the estimated cost of the real estate project, or with both.<\/p><\/section>

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<\/section><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tIf the registration of a real estate project is revoked for any reason, how will the interest of the buyer, in such project, be protected by MahaRERA?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

MahaRERA will take action in accordance with section 8 of the Act.<\/p><\/section>

<\/section><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tIn case of delay in getting possession from the promoter, will the buyer be entitled to get interest on the amount paid by him, for such delayed period?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Yes. In accordance with the model form of agreement, if the Promoter fails to abide by the time schedule for completing the project and handing over the [Apartment\/Plot] to the Allottee, the Promoter agrees to pay to the Allottee, who does not intend to withdraw from the project, interest as specified in the Rule, on all the amounts paid by the Allottee, for every month of delay, till the handing over of the possession.<\/p><\/section>

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Yes. An aggrieved person having any interest in the registered real estate project can file complaint.<\/p><\/section>

<\/section><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tOn what grounds can the home buyer file a complaint?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

An aggrieved person may file a complaint with MahaRERA for any violation or contravention of the provisions of the Act or the Rules or Regulations made there under.<\/p><\/section>

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tIs there any time limit prescribed for disposal of complaints?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Section 29 of the Act provides that complaints should be disposed off as expeditiously as possible but not later than sixty days from the date of filing the same. However, where it cannot be disposed of during the said period, the Real Estate Regulatory Authority is required to record its reasons for the same.<\/p><\/section>

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tIs there any time limit prescribed for the promoter for formation of society or any other legal entity of home buyers?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Promoter has to enable formation of Legal Entity like Cooperative Society, Company, Association, Federation etc. within three months from the date on which fifty one per cent of the total number of Purchasers, in such a building or a wing, have booked their apartment.<\/p><\/section>

<\/section><\/section><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tIs there time limit prescribed for promoter to execute conveyance in favour of association of buyers?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Promoter shall execute a registered conveyance deed in favour of the allottee within three months from date of issue of occupancy certificate or fifty one per cent of the total number of Purchasers, in such a building or a wing, has paid the full consideration to the promoter, whichever is earlier.<\/p><\/section>

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tIs it compulsory for the promoter to register the project immediately after he gets sanctioned approvals?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Promoter has to register the project before he starts any form of advertising, marketing, booking, selling, offer for selling or inviting people to purchase plots, apartment or buildings.<\/p><\/section>

<\/section><\/section><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tCan project finance taken by promoters from financial institutions be withdrawn from designated 70% account?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Yes, if this is declared at the time of registration and subject to provisions of Section 4 of the Act and 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 made there under. However, the money withdrawn should be utilized towards construction expenses of the project, on priority.<\/p><\/section>

<\/section><\/section><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhen does the promoter need to form society, association etc.?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

The Promoter has to ensure that an association of allottees is formed within three months of 51% of allottees have booked their apartment in the project.<\/p><\/section>

<\/section><\/section><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tOur builder has abandoned the project(redevelopment project). Will this project come under MahaRERA?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Every on-going project has to be registered with MahaRERA before 30th July 2017. If the said redevelopment project does not have layout\/building plan approval and if no booking of sale of flats have taken place, the project will not be called an on-going project.<\/p><\/section>

<\/section><\/section><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t(1) In on-going project the agreement with the purchaser after 1st May 2017 is to be prepared as per MOFA or RERA or BOTH?
(2) If the buyer has already paid stamp duty before 1.5.2017 and executed agreement then under which Act is the agreement with buyer?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Agreement entered prior to 1st May 2017 will be as per MoFA. All agreements post 1st May, 2017 have to be in accordance with the model form of agreement of MahaRERA.<\/p><\/section>

<\/section><\/section><\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tIn the case of Joint Development, where owner is there, is he liable to the development and would the owner include government authorities also i.e landing owning authorities.<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Yes, they are co-promoters.<\/p><\/section><\/div><\/div><\/div><\/div><\/div>