सविस्तर माहितीसाठी इकॉनॉमिक टाइम्स मधील बातमी वाचावी.

While RERA aims to: (i) promote and regulate the real estate sector, (ii) bring efficacy and transparency in the sale of plots/apartments/units etc., (iii) protect the interest of the buyers/consumers in the real estate sector, (iv) establish a mechanism for a speedy dispute resolution, the myth remains that only promoters shall get affected.

RERA has stipulated various obligations and duties not only on the promoters but also on allottees, real estate agents and the Authority.

The RERA regime commenced in Maharashtra with the Real Estate (Regulation and Development) Act, 2016, and the Maharashtra Rules thereunder coming into effect on May 1, 2017.

PROMOTER’S DUTIES & OBLIGATIONS
Registration
Where completion certificate was not received prior to May 1, 2017, promoters are required to register each phase of projects prior to any advertisement, marketing, booking or sale.

Registrations with RERA requires prior approval of the layouts plans and hence the pre-launch booking concepts may no longer be available. Further, schemes like 20:80 etc. would also need to be revisited.

via RERA: Buying a house? RERA likely to make 20:80 schemes unviable