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Property Related Laws Maharashtra Ministry of Housing and Urban Affairs Real Estate (Regulation and Development) Act, 2016

The Maharashtra Real Estate Regulatory Authority has issued a Circular on real estate projects excluded from MahaRERA Project Registration

09-Jun-2023 | Circular No 25A / 2023

The Maharashtra Real Estate Regulatory Authority has issued a Circular on real estate projects excluded from MahaRERA Project Registration effective from 09.06.2023. By virtue of the Circular, It refers to the provisions of Sub-Section 2 of Section 3 of the Act and the majority judgment of the Maharashtra Real Estate Appellate Tribunal (MahaREAT) dated 10.07.2019. it acknowledges the issues faced by promoters and the need for further clarification on the Circular No. 25/2019. It addresses the interpretation of Serial Nos. 1 and 2 of Circular No. 25/2019 where it states that real estate projects with an area of land less than or equal to five hundred square meters do not require MahaRERA Project Registration regardless of the number of apartments and units proposed for development. Similarly, projects with a number of apartments and units less than or equal to eight, inclusive of all phases do not require MahaRERA Project Registration regardless of the land area. Further ,The circular emphasizes that promoters are still allowed to voluntarily submit applications for registration with MahaRERA, even if their projects are excluded from MahaRERA Project Registration. It supplements Circular No. 25/2019 and clarifies the interpretation of Serial Nos. 1 and 2, ensuring compliance for all stakeholders involved.

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