Plotted Development - RERA Applicability

The Maharashtra Real Estate Regulatory Authority has issued a circular being Circular No. 25 of 2019 dated 11^th October, 2019 clarifying the real estate projects which are not required to be registered under the Real Estate (Regulation and Development) Act, 2016 ("RERA") since in terms of the General Resolution dated 20^th September, 2019 passed by the Revenue and Forest Department, Government of Maharashtra, the Agreement for Sale or Sale Deed in respect of any apartment were registered only if the project is registered or excluded from registration under RERA.

RERA excludes from its purview the following projects:

(a) where the area of land proposed to be developed does not exceed five hundred square meters or the number of apartments proposed to be developed does not exceed eight inclusive of all phases;