The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a circular requiring all developers to prominently display their registration details in housing advertisements. This move aims to enhance transparency and protect homebuyers. The circular applies to all advertisements, both online and offline, and failure to comply can result in penalties.
MahareraReraReal EstateHomebuyersTransparencyReal Estate NewsApr 10, 2025
MahaRERA, or the Maharashtra Real Estate Regulatory Authority, is a regulatory body established under the Real Estate (Regulation and Development) Act (RERA) to regulate the real estate sector in Maharashtra. Its primary role is to ensure transparency, accountability, and the protection of homebuyers' interests.
The new MahaRERA circular mandates that all developers must prominently display their MahaRERA registration number, the approval number of the project, and the registration number of the project on all housing advertisements, both online and offline.
The display of registration details is important to ensure transparency and protect homebuyers. It helps buyers verify the legitimacy of the project and the developer, reducing the risk of fraud and ensuring that they are making informed decisions.
Developers who fail to comply with the MahaRERA circular can face penalties, including fines and possible suspension of their projects. These measures are designed to enforce compliance and maintain the integrity of the real estate market.
The MahaRERA circular benefits homebuyers by providing them with clear and accessible information about the legitimacy of the projects they are considering. This increased transparency helps them make better-informed decisions, reducing the risk of purchasing from unauthorized or fraudulent developers.
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