Government of India has enacted the Real Estate (Regulation and Development) Act 2016 and all the sections of the Act shall come into force with effect from May 1, 2017. The key objectives of the Act are:
- Ensuring Transparency & Efficiency in real estate sector in regards to sale of plot, apartment, building or real estate project.
- Protecting the interest of consumers in real estate sector
- Establishing adjudicating mechanism for speedy dispute redressal
- Establishing Appellate Tribunal to hear appeals from the decisions, directions or orders of the Real Estate Regulatory Authority
Under this Act, Government of Maharashtra established Maharashtra Real Estate Regulatory Authority (MahaRERA), vide Notification No. 23 dated 8 March 2017, for regulation and promotion of real estate sector in the State of Maharashtra, with its headquarters at Mumbai.
Maharashtra Real Estate Regulatory Authority (MahaRERA): Read Maharashtra RERA Act
Below is the List of RERA Approved and Registered Real Estate Projects & Agents in Maharashtra (Mumbai, Navi Mumbai, Thane, Nagpur, Pune, Nashik, Nagpur etc):
List of Maharashtra RERA Projects Applications Approved - Click to View
List of Maharashtra RERA Approved Real Estate Agents - Click to View