MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY (GENERAL) REGULATIONS, 2017

No: MahaRERA. 2017/Gen.Regulations/18 :- In exercise of the powers conferred on it under sub-sections (1) and clause (i) of sub-section (2) of Section 85 of the Real Estate (Regulations and Development) Act, 2016 and of all other powers enabling it in that behalf, the Maharashtra Real Estate Regulatory Authority, with the approval of the State Government, hereby makes the following Regulations : –

Short Title, Object, Commencement and Extent:

1. (a) These regulations may be called the Maharashtra Real Estate Regulatory Authority
(General) Regulations 2017.
(b) The object of these Regulations is to establish procedures regarding the general functioning of
the Authority and for the conduct of business of the Authority.
(c) These Regulations shall come into force on the date of their notification in the Official Gazette.
(d) These Regulations shall apply in relation to all matters falling within the jurisdiction of the
Authority in the State of Maharashtra.

Definitions

2. (a) In these Regulations, unless the context otherwise requires:-
(i) “Act” means the Real Estate (Regulation and Development) Act 2016 as amended from time to
time;
(ii) “Adjudication” means the process of arriving at decisions on complaints submitted to the
Authority or the Adjudicating Officer under Section 31 of the Act ;
(iii) “Chairperson” meansthe Chairperson of the Authority;
(iv) “Authority” meansthe Maharashtra Real Estate Regulatory Authority;

(v) “Consultant” includes any person not in the employment of the Authority who may be appointed
as such to assist the Authority on any matter required to be dealt with by the Authority under the
Act and the rules and regulations made there under;
(vi) “Member” means a member of the Authority;
(vii) “Proceedings” mean and include proceedings of all nature that the Authority may conduct in
the discharge of its functions under the Act and the rules and regulations;
(viii) “Secretary” means the Secretary of the Authority;
(ix) “Officer” means an Officer of the Authority;
(xi) “Regulations” mean the Maharashtra Real Estate Regulatory Authority (General) Regulations
2017 as amended from time to time.
(x) “Rules” mean the rules framed by Government of Maharashtra, under the Real Estate
(Regulation and Development) Act 2016 and as amended from time to time.
(b) Words or expressions occurring in these Regulations and not defined herein but defined in the
Act or the Rules shall bear the same meanings respectively assigned to them in the Act and the Rules.
(c) In construing these Regulations, the singular shall include the plural and vice versa.

Formats of Certificates of Architect, Engineer and Chartered Accountant:

3. The certificates, issued by the project architect, project engineer, chartered accountant and
submitted to the banks for getting release of money from the separate account shall be in Form 1, 2,
and 3 respectively. The certificate issued by the project architect on completion of each of the
building/wing of the real estate project shall be in Form 4.

Additional Disclosures by Promoters on the Website and Project site:

4. In addition to all the details of the proposed Real Estate project, to be uploaded by the promoter
on his webpage on the website of the Authority, as required under sub-section (1) of Section 11 of
the Act and clause (1) and (2) of Rule 3 of the Maharashtra Real Estate(Regulation and
Development)(Registration of Real Estate Projects, Registration of Real Estate Agents, Rates of
Interest and Disclosures on Website) Rules 2017, the promoter shall additionally upload the following
details:
a) The annual report on statement of accounts, in Form 5 (issued in accordance with the third proviso
to section 4(2)(l) of the Act) duly certified and signed by the chartered accountant who is the
statutory auditor of the promoter’s enterprise.

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