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.
Sattva Group targets 85% growth in housing sales, India real estate, Mumbai property, residential sales, Bengaluru-based developer
India's real estate market is on the rise, with companies worth $36 billion in 2024, pushing China to the second spot in terms of growth rate.
Godrej Properties, one of India's leading real estate developers, has raised Rs 64.6 crore through the issue of debentures to investors on private placement. The company has a significant presence in Delhi-NCR, Mumbai Metropolitan Region, Pune, Bengaluru,
A recent judicial decision in Delhi has refused to cancel the Letter of Credit (LOC) against the promoter of ATS Infrastructure, a leading real estate developer in India. This move has significant implications for the ongoing legal and financial battles i
Mumbai continues to be India's most expensive real estate market, with residential property prices starting at Rs 20,000 per square foot and going up to Rs 1.5 lakh or more. Homebuyers are eagerly awaiting the new government's policies to address their co
Real estate firm Godrej Properties' Executive Chairman Pirojsha Godrej announced to investors in a post-earnings call that the company anticipates balanced growth in its pre-sales bookings for FY25. Despite a 5% YoY decline in sales bookings, the company