Carpet Area as per RERA

-
Image
Carpet Area Carpet Area Clarification  As per Circular no4/2017..clarification on calculation of carpet area as defined under section2(K) of the real estate act, 2016. Some clarification/definition of technical terms are as under: Carpet area:  Net usable floor area of an apartment, excluding the area covered by the external walls, area under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but including the area covered by the internal partition walls of the apartment. Exclusive balcony or verandah area: The area of the balcony or verandah, as the case may be which is appurtenant to the net usable area of an apartment, meant for the exclusive use of the allottee. Exclusive open terrace area: The area of the open terrace which is appurtenant to the net usable area of an apartment, meant for exclusive use of the allottee. Wall: Would mean walls made of reinforced cement concrete (RCC) or plain concrete or shear wall(s) or wa...
Post a Comment

MahaRERA

-
MahaRERA-2016


  • Jurisdiction
  • Key Components
  • Financial Discpline & Compliance
  • Citizen Centricity and Transparency


  • Government of India  enacted the  Real  Estate (Regulation and Development) Act 2016 on  26th March 2016 and all provisions shall come into  effect from 1st may 2017 
  • Maharashtra Real  Estate Regulatory Authority (MahaRERA) established vide  Notification no 23 dated 8 March 2017
  • Government of Maharashtra has further promulgated the following rules:

MahaRERA - Rules

















MahaRERA has notified the following regulations

  • Maharashtra Real Estate Regulatory Authority (General) Regulations 2017 
  • Maharashtra Real  Estate Regulatory Authority (Recruitment and Conditions of Service of Employees) Regulations, 2017

MahaRERA has also promulgated the following order

Charges to be paid to Mahaonline for MahaRERA website(* Taxes and Bank Charges shall be charged extra on actual basis)

RERA Charges






Entire State of Maharashtra (Rural  as well  as Urban) is under Planning Area  of MR &TP Act and hence is covered under MahaRERA.

All commercial and residential real  estate projects including plotted development shall have to be registered with MahaRERA except  in projects where: 

RE-Project not covered under this Act







The key components of Real Estate (Regulation and Development) Act, 2016 are as follows:

Key Components

 






Registration Mode  :  Online through MahaRERA portal which shall go-live on 1st May 2017.

Fees:  Rs.10 per sq.m of Land Area, subject to minimum Rs 50,000 and maximum Rs.10 lakhs only. The mode of payment is NEFT or RTGS System or any other  digital transaction mode.

RE-Agent Registration Process Flow

  • Ninety Day Window:  All promoters of Ongoing Projects have ninety day window for completing registration of Projects. Post  which promoter shall not advertise, market, book, sell or offer for sale or invite persons to purchase in any manner any plot, apartment or building.
  • Project  Withdrawal:  The promoter may apply for withdrawal of application  for registration of the real estate project  before the expiry of the period of 30 days of its submission and before MahaRERA has approved registration. Rs. 5000 shall be retained as administrative charges, in withdrawal cases.
  • Project  Updates:  The promoter is expected to regularly update the information on the webpage but once in 3 months updating information on the website related to progress of the project  is mandatory.
  • Penalties:  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  or with both. 


Registration Mode  :  Online through MahaRERA portal which shall go-live on 1st May 2017.

Fees:  If the applicant  is an individual, then  registration fee is Rs. 10,000. If applicant  is other  than an individual, then  the fee is Rs. 1 Lakh. The mode of payment is NEFT or RTGS System or any other  digital transaction mode.

RE-Agent Registration Process Flow

  • Jurisdiction:  Registration shall be valid only for Maharashtra
  • Validity: 5 years
  • Listing: Every Agent has to be listed by Promoter during the Project Registration / Status Updates without which Agent can’t market the project.
  • Penalties: If any real estate agent fails to register, he shall be liable to a penalty of ten thousand rupees for every day during which such default continues, which may cumulatively extend up to five percent of the cost of plot, apartment or buildings, as the case may be, of the real estate project, for which the sale or purchase has been facilitated. 
  • Complaint Filing:  Complaints can be filed with respect to registered projects
  • Mode:  The aggrieved person can file complaints online or at MahaRERA IT Helpdesk in “Form A” provided by MahaRERA
  • Fees:  The fees for filing a complaint is Rs. 5000.  The mode of payment is NEFT or RTGS System or any other digital transaction mode.
  • Complainant:  Any interested party including Allottee, Promoter and Real Estate Agents can file complaints
  • Form:  The aggrieved person can file an application online as per format provided by MahaRERA. It shall include the following details:
    • Registration number of the project to which the complaint pertains
    • Particulars of the complainant and respondent
    • Facts of the case
    • Relief Sought
    • List of Enclosures and so on

Although the form is filled online, hard copies shall be required after registration of complaint from time to time. 

 



 



Location: Pune, Maharashtra, India

Comments

Post a Comment

If you have any doubts, Please let me know

Popular posts from this blog

RERA Registration Process for Builders

-
Image
MahaRERA REAL ESTATE  REGULATORY ACT  (RERA) PROJECT REGISTRATION PROCESS STEP BY STEP                                                   Login : Click on New Registration to create a user Login Page After clicking on new window   you will get below screen. Account Creation Click on promoter  Enter all the details and create user   below message will be displayed as soon as user  is created. Verification Box Only after you have verified email , then can you login in your account. PROMOTER A) ACCOUNT : MY PROFILE: Once Login through Promoter,First Create the Profile. If Promoter is Individual, then select information type 'Individual' and filled the  respective details. After filling the form,Click on save profile to save the form. My Profile Contact Details If Promoter is of type Organization,then select information ty...
Read more

RERA Registration Process for Agents

-
Image
MahaRERA REAL ESTATE REGULATORY ACT (RERA) AGENT REGISTRATION PROCESS STEP BY STEP                                                   Login: Click on New Registration to create a user Login   After clicking on new window you will get below screen. Create New Account Click on Agent Enter all the details and create user  below message will be displayed as soon as user  is created . Verification Only after you have verified email, then can you login in your account . AGENT A) ACCOUNT: MY PROFILE: Once Login through Agent, First Create the Profile. If Agent is Individual, then select information type 'Individual' and filled the  respective details. After filling the form, click on save profile to save the form.   General Information Contact Detai...
Read more