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No more sale agreements without MahaRERA stamp

New law makes it mandatory for builders/buyers to register with the RERA; experts say those exempted should be given a certificate saying so

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File photo of under construction building

File photo of under construction building

As per the Government of Maharashtra notification dated September 20, 2019, agreement for sale of any apartment will be done only if the project is registered or exempted from registration with MahaRERA. Thus to register an agreement for sale, a builder has to register the project with MahaRERA, says legal experts.

Speaking to mid-day, advocate Manish Gala said, "The initiative taken by the state government is welcome, but the question is how will the registrar at the registration office, know if the project is supposed to be RERA registered or not, as there are some special cases, in which registration of property is not required. For instance, projects on plots less than 500 sqm are not to be registered under the MahaRERA Act."

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