Recently, the Maharashtra Real Estate Regulatory Authority
("MahaRERA") has issued an Order bearing
No.62/2024 on October 22, 2024 ("Order")
clarifying the following important issues:
1. Projects for which registration is not compulsory;
2. What constitutes commencement certificate and completion
certificate in case of plotted developments.
Where Registration of Real Estate Project is not
compulsory:
1. With respect to Section 3(2)(a) of the Real Estate
(Regulation and Development) Act, 2016 ("RERA
Act"), the MahaRERA has clarified that:
1. a real estate project shall not require registration if the
area of land proposed to be developed is less or equal to 500 (five
hundred) square meters irrespective of the number of
units/apartments proposed to be developed even if the
apartments/units to be developed in all phases exceed 8
(eight);
