Real Estate Guide: MahaRERA's Checklist for Smart Homebuyers

Buying a home is a big choice, and getting the right one is important. In Maharashtra, MahaRERA (Maharashtra Real Estate Regulatory Authority) safeguards homebuyers by promoting transparency in real estate projects. If you are going to buy a home, following MahaRERA's checklist can make you a smart and safe investor.

1. Check whether the Project is Registered with MahaRERA

Before you book a flat, visit the MahaRERA website (https://maharera.mahaonline.gov.in) and check if the project is registered. Registered projects are required to follow strict guidelines, so you have greater security as a buyer.

2. Verify the Builder's Background

Verify details about the builder or developer on MahaRERA's website. Check their past projects, delivery track record, and customer reviews to ascertain if they are reliable.

3. Read the Agreement Carefully

Carefully read the sale agreement prior to signing any document. MahaRERA regulations require developers to include all the important terms in the agreement, such as possession date, payment timeline, and delay charges.

4. Ensure All Approvals and Legal Documents

Ensure that the project possesses all necessary approvals, i.e.:

• Building plan sanction
• Environmental clearance
• Commencement certificate
• Occupancy certificate (in case of completed projects)

5. Ensure There Are No Hidden Charges

Ask for a point-by-point separation of charges, including maintenance cost, parking rates, and GST. MahaRERA facilitates transparency of costs, so you will be fully aware beforehand.

6. Track Construction Updates

When buying an under-construction property, track the work progress of the project on the MahaRERA website. Developers are required to report at regular intervals to MahaRERA regarding their status, so you can get updates.

7. Be Aware of Your Rights as a Buyer

MahaRERA protects the rights of homebuyers. If the builder delays the project or does not deliver, you can file a complaint on the MahaRERA website and seek compensation.

A home buying experience is a lifetime investment, and MahaRERA guarantees that your hard-earned money is safe. If you follow this checklist, you can make a properly informed decision and avoid fraud. Investigate thoroughly, question everything, and invest wisely!