MahaRERA's New Rules For Real Estate Agents And Developers - Key Takeaways

 

Introduction

RERA's Game-Changing Move

Mumbai, October 28, 2024: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has recently issued a series of orders that significantly impact the real estate industry. These orders aim to enhance transparency, accountability, and consumer protection.


Clarifying RERA Registration Eligibility

One crucial clarification pertains to the eligibility of real estate projects for RERA registration. According to the MahaRERA circular dated October 22, 2024, a real estate project in Maharashtra is eligible for RERA registration only if it meets the following criteria:

  • Land Area: The project must cover more than 500 square metres of land.
  • Number of Apartments: The project must involve the development of nine or more apartments..............Read More

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