Question 1

1.How to check MahaRERA projects?

Accepted Answer

Maharera Project Search: How To Check Maharera Project Details Online? Step 2: Click on the “Projects” tab on the homepage. Step 3: Enter the name of the project or the name of the developer in the search box. Step 4: Click on the “Search” button

Question 2

2.What is the difference between RERA and MahaRERA?

Accepted Answer

RERA is Real Estate Regulatory Authority, and every state has their regulatory board. The state government implemented the RERA Act to enable buyers to invest in genuine projects. Maha in MahaRERA stands for Maharashtra and regulates real estate projects within the state

Question 3

3.Why is RERA registration important?

Accepted Answer

RERA mandates that developers must complete the project within the stipulated time frame, failing which they will have to pay a penalty. This ensures on time handover of the project and eliminates any possession related issues. RERA registration encourages investment in the real estate sector

Question 4

4.What are the positive impacts of RERA on home buyers?

Accepted Answer

RERA creates a regulatory body, mandates the registration of real estate projects for home buyers interests, and specifies rules for the sale and acquisition of properties. Additionally, the Act guarantees timely project delivery, offers a system for grievance resolution, and imposes sanctions for non-compliance

Question 5

5.How powerful is RERA?

Accepted Answer

The Real Estate Regulation Authority protects the interest of homebuyers and investors and makes the real estate market more organized and transparent. Almost 70 percent of the total real estate projects in the country are covered under RERA jurisdiction.

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Day: September 12, 2023

All You Need to Know About MahaRERA Before Buying a House in 2023!

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