MAHARERA act Maharashtra
The RERA Act, 2016 came into consideration from May 2017. The RERA Act’s key aim is the rules of the real estate industry in every side of the country. Every state in India has its own RERA authority that supervise and regulates the real estate sector in the state. MahaRERA act has been very functional since its beginning.
Under the Rera Act 2016, all States have to initiate a regulatory authority to deal with the troublesstarting from transactions in real estate market. The Rera act in Maharashtra come into consideration from May 1, 2017. The State has established MahaRERA act on March 2017 for rules and advancement of real estate sector. Since the whole State is covered under MahaRERA act, it is necessary for all ongoing commercial and residential projects to be recorded with the real estate regulator.
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