MahaRera Real Estate Agents Exam : Preparation for appearing Certificate of Competence exam by IBPS

What are zoning colours and their meaning? Here is a closer look at the various zoning colours and what they stand for. You should take a look at these meanings carefully since they will help you understand more about the classification of various zones. They include the following: Yellow Light yellow indicates mixed or main residential usage land. Dark yellow means mixed residential usage properties. Essential services including the clinics of doctors and grocery stores are allowed in these zones. Approximately 33 percent of commercial activity is allowed in yellow zones. Red This colour specifies semi-public or public usage areas for educational institutions, and temples. Green It signifies maintenance of agricultural land or greenery. Green may also be used for demarcating lakes, forests, ponds, valleys, gardens, and parks. Blue Dark blue is for indicating zones, which are allocated for retail purposes including hotels, eateries, movie halls and shopping malls. Light blue is used fo...

 BMC Act 1888 Bombay Municipal Corporation Act for civic infrastructure and administration MMRDA 26.01.1975 under Mumbai Metropolitan Development Act 1974 objective to make MMR destination for economic activity  promoting infrastructure and improving quality of life.

 Clause (a) of Sub Section (2) of Section 3, of the Act, the Provison to the said Clause and the Explanation given there under reads as under 1) Real Estate Projects where the area of land proposed to be developed is less or equal to five hundred square meters shall not require MahaRERA Project Registration irrespective whether the numbers of apartments / units proposed to be developed is less than or more than eight apartments/units as the case may be inclusive of all phases. 2) Real Estate Projects where number of apartments/units proposed to be developed is Iess or equal to eight apartments / units inclusive of all phases shall not require MahaRERA Pioject Registration irrespective whether the area of the land proposed to be developed is less than or more than five hundred square meters

  Government of India has enacted the Real Estate (Regulation and Development) Act 2016 (the Act) and all sections of the Act have come into force with effect from 01.05.2017 . Government of Maharashtra vide Notification No - 23 dated 08.03.2017 has established the  Maharashtra Real Estate Regulatory Authority,  herein after refered to as "MahaRERA" or as "the Authority". MahaRERA   was   also   made   the   regulatory    authority   for   Daman   &   Diu   and   Dadra   Nagar Haveli. Government    of    Maharashtra    further    promulgated    the    following    rules    detailing    the    functioning    of    Authority:•    Maharashtra   Real   Estate  (Registration   ...

  Chairperson , MahaRERA is vested with the powers of general superintendence and directions in the conduct of the affairs of MahaRERA under Section 25 of the Act.

 In compliance of Section 9 (2) of the Act, every real estate agent is required to make an application to the Authority for registration.  Rule 11 (3) and Rule 13 (1) of the Rules prescribes the fees payable by a real estate agent for registration as well as for renewal of registration which is as under: a) Rs. 10,000/- (Rupees Ten Thousand only) in case of applicant being an individual and or Proprietor Firm,  b) Rs. 1,00.000/- (Rupees One Lakh only) in case of applicant being other than individual/Proprietor.

 “9(1)   No   real   estate   agent   shall   facilitate   the   sale   or   purchase   of   or   act   on   behalf   of   any   person   to   facilitate  the  sale  or  purchase  of  any  plot,  apartment  or  building,  as  the  case  may  be,  in  a  real  estate  project  or  part  of  it,  being  the  part  of  the  real  estate  project  registered  under  section  3,  being  sold  by  the promoter in any planning area, without obtaining registration under this section.”

 And whereas, as per Section 4 (2) (j) of the RERA Act only those registered real estate agents whose names and addresses have been furnished by promoters in the application made for registration of a real estate project shall be entitled to facilitate the sale or purchase of or act on behalf of such promoter in the matter of sale or purchase of any plot, apartment unit or building as the case may be in a real estate project or part of it being sold by a promoter.

  MahaRERA Leadership Shri Ajoy Mehta Chairman, MahaRERA MahaRERA Headquarters: 9th floor, Housefin Bhavan, Plot No. C-21, E-Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051. Shri. Mahesh Pathak Member, MahaRERA MahaRERA Mumbai Division Office: 501, Express Building, 14 - E Road, Churchgate, Mumbai - 400020. Dr. Vasant Prabhu Secretary, MahaRERA MahaRERA Headquarters: 8th floor, Housefin Bhavan, Plot No. C-21, E-Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051.

 MahaRera Exam is conducted by IBPS after completion of mandatory 20 Hours training by authorised entities. Names and details will follow...