Delays in getting documents slows property registration process with Maha RERA

Delays in getting documents slows property registration process with Maha RERA

As of now, only 30% of the ongoing projects have been registered which may invite hefty fines to the builders.


The deadline for registration of on-going construction projects with Real Estate Regulatory Authority (RERA) is July 31.

As of now, only 30% of the ongoing projects have been registered which may invite hefty fines to the builders.

The RERA Act makes it mandatory for the developers to register ongoing projects in 90 days. The registration is done through MahaRERA’s website.

City based developers claim that delay in getting documents from several departments and assessment of the project cost as per the new changed norms has resulted in the delays to register the projects.

The developers claim that most of the delays are related to the sanctioning of revised layouts of the properties which lies with the Kolhapur Municipal Corporation (KMC).

Mahesh Yadav, city based developer and president of the Kolhapur chapter of Confederation of Real Estate Developers’ Association of India (CREDAI) said, “The developers are finalising the documents as per the new changed norms such as carpet area as the base for assessing the project cost and new development control rules. The revised layouts are not yet approved by the KMC, which need to be registered as per the RERA Act. The environment clearance of the project has been stuck with the KMC and we have asked the authorities to approve the layouts so that the projects can be registered. Around 30 projects will be registered by the end of this month.”

The government has made registration mandatory for proposed or ongoing projects with land area above 500 square meters or those apartments proposed or under construction with at least eight units. The government has exempted the projects for which the completion certificate was received before May 1 this year. The properties under renovation, repair or redevelopment, that are not intended for sale, need not be registered.

The developers have to update the progress of the project every three months. RERA has decided to impose fines of upto 10% of the project cost if the developers fail to register the project. Also, a penalty of 5% of the project cost will be imposed if any false information regarding the project is provided during the registration.

“Four builders from Nagpur have moved a petition against some of the provisions of the RERA Act in Bombay High Court. We hope that the issues related to the registration of the existing projects get resolved through court’s intervention. Provisions such as insurance of the land are impractical as no firm in India offers such insurance,” said Yadav.

A senior KMC official requesting anonymity said, “The issues related to environment clearance has been addressed and the clearance certificate will be issued in next few days. The completion certificates from the town planning department have been issued therefore there is no reason for delay in the registration of the projects with RERA.”