RERA Updates

MahaRERA has recently issued various circulars for clarification and standardisation of process pertaining to:-

• Standardised format for Legal Title Report
• Procedures for Extension of Project U/s 7(3)
• Procedure for Alteration of Plan of the Project under Section 14(2)
• Disclosure of sold and unsold units by the Promoters

In continuous efforts for better transparency and to protect the interest of homebuyer, the MahaRERA has issued the circular, Circular No. 28/2021 dated 08.03.2021 No.29/2021 dated 09.04.2021.

• The format of legal title report is standardised and summary report showing flow of title needs to be signed by Advocate.It intends to bring on record disclosure of title holders viz. Land Owner, Developer etc
• MahaRERA has standardised the format of application for taking the consent of allotee in case of extension of project is required as per section 7(3) of RERA, 2016. In this application the consent of 51% allottee is to be obtained and the details of all the allottee including name, flat/unit no and signature is to be obtained and uploaded.
• For alteration of approved plans of the project as per section 14(2) of RERA, 2016 the application for consent of 2/3 allottee is to be taken in a standard format wherein the details of the allottee, signature along with the details of consent taken from the allottee with respect of total unit sold is to be mentioned.
• Promoters are also required to upload list of sold and unsold units including date of registration of agreements so that prospective buyers can verify unit wise status while booking the apartment with the Promoter.
• The requisite formats can be downloaded from MahaRera portal