Probable: Exam Question 6 : RERA Act and MahaRera Notified Dates and Rules and Regulations

 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   of   Real   Estate   Projects,   Registration   of   Real   Estate   Agents,  Rates of Interest and Disclosures on Website) Rules, 2017•     

Maharashtra     Real     Estate     Regulatory     Authority,     Chairperson,     Members,     Officers     and  Other  Employees (Appointment and Service Conditions) Rules, 2017•   

Maharashtra   Real   Estate   (Recovery   of   Interest,   Penalty,   Compensation, Fine   payable,   Forms   of Complaints and Appeal, etc.) Rules, 2017•    

Maharashtra    Real    Estate    Appellate    Tribunal,    (Members,    Officers    and    Employees)    (Appointment  and Service Conditions) Rules, 2017•  

Maharashtra  Real  Estate  Regulatory  Authority  (Form  of  Annual  Statement  of  Accounts  and  Annual    Report) Rules, 2017.


MahaRERA has notified the following regulations:• 

Maharashtra Real Estate Regulatory Authority (General) Regulations 2017•     

Maharashtra  Real Estate  Regulatory  Authority (Recruitment     and     Conditions     of     

Service of  Employees) Regulations, 2017• 

Maharashtra Real Estate Appellate Tribunal Regulations, 2019



Comments

  1. Vinod Kumar AgarwalJune 13, 2023 at 9:02 PM

    Central Government brought in the Real Estate (Regulation and Development) Act, 2016, (RERA) to be made fully operational with effect from May 1, 2017. Some sections of the Act were notified from 1st May 2016 and all the State Governments were given one year to formulate their own Rules and Regulations and set up the Authority, to implement the Act from 1st May 2017

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