Posted By: Shalu Published: 25, Oct 2025

Everything You Need to Know About RERA Act in Maharashtra (MaharERA)

The Real Estate (Regulation and Development) Act, commonly known as RERA, was enacted in India to promote transparency, accountability, and efficiency in the real estate sector. In Maharashtra, this act is implemented through the Maharashtra Real Estate Regulatory Authority (MaharERA). Here’s a comprehensive overview:

What is RERA?

• Purpose: RERA aims to protect homebuyers' interests, promote fair practices, and enhance the overall transparency in the real estate sector.
• Implementation: The act came into effect on May 1, 2017, with the establishment of MaharERA.

Key Features of RERA in Maharashtra

1. Registration of Projects

• Mandatory Registration: All residential real estate projects must be registered with MaharERA before advertising or selling.
• Project Details: Developers must provide detailed project information, including layout plans, timelines, and financial details.

2. Transparency and Accountability

• Regular Updates: Developers are required to update project status regularly on the MaharERA website, ensuring buyers have access to real-time information.
• Financial Discipline: Developers must maintain a separate bank account for project funds, ensuring that money is used solely for the project.

3. Homebuyer Protection

• Advance Payment Regulation: Builders cannot demand more than 10% of the property cost before signing a sale agreement.
• Completion Deadlines: Developers are held accountable for project completion and possession dates as per the agreement. Delays can lead to penalties.

4. Complaint Redressal

• Fast-Track Dispute Resolution: Homebuyers can file complaints against builders with MaharERA, which provides a streamlined process for resolving disputes.
• MaharERA Appellate Tribunal: An appellate tribunal has been established to handle appeals against MaharERA’s decisions.

5. Promoting Ethical Practices

• Code of Conduct: RERA sets guidelines for builders and real estate agents to follow, promoting ethical behavior in transactions.

How to Register a Complaint with MaharERA

1. Visit the MaharERA Website: Access the official site.
2. Online Complaint Registration: Navigate to the complaints section and fill out the required details.
3. Documentation: Attach necessary documents supporting your complaint.
4. Track Status: After submission, you can track the status of your complaint online.

Benefits of RERA for Homebuyers

• Greater Security: Protects homebuyers from fraudulent practices.
• Informed Decisions: Access to detailed project information helps buyers make informed choices.
• Timely Possession: Stronger accountability ensures timely delivery of projects.

Conclusion

The RERA Act in Maharashtra, through the establishment of MaharERA, has significantly transformed the real estate landscape by promoting transparency, protecting buyers, and ensuring accountability among developers. Understanding RERA can empower homebuyers and enhance their purchasing experience in the real estate market.