Who it applies to
Every promoter of a real estate project in Maharashtra where the land proposed to be developed exceeds 500 sq. m. or the number of apartments, across all phases, exceeds eight. Each phase can be registered as a separate project. Landowners declared as co-promoters share the obligation.
Legal basis
| Provision | What it requires |
|---|---|
| Section 3 | No advertising, marketing, booking, sale or offer for sale without registration |
| Section 4 | Application with prescribed documents, declarations and the 70% separate account undertaking |
| Section 5 | Authority to grant or reject within 30 days; registration deemed granted if it does not decide |
| MahaRERA Order No. 56/2024 | Three designated bank accounts opened before applying, for projects registered from 01-07-2024 |
Documents required
| Category | Documents |
|---|---|
| Land and title | Title documents, 7/12 extract or property card, Legal Title Report, encumbrance details |
| Rights | Development or joint development agreement, power of attorney, co-promoter details |
| Approvals | Sanctioned plans, layout, commencement certificate, NA order where applicable |
| Professional certificates | Form 1 (Architect), Form 2 (Engineer), Form 3 (Chartered Accountant) |
| Finance | Land and approval cost, estimated project cost, letters for the three designated accounts |
| Promoter | KYC and entity documents, past project details, declaration and affidavit under Section 4(2)(l) |
| Sale documents | Draft agreement for sale and allotment letter, with deviation report against the model formats |
Timeline
| Stage | Typical time |
|---|---|
| Document collection and pre-filing review | Depends on how complete the project's documents are |
| MahaRERA decision after a complete application | 30 days under Section 5 |
| Query response cycles | Each query restarts review; most delays arise here |
Consequences of non-compliance
Under Section 59, failure to register attracts a penalty of up to 10% of the estimated project cost. Continued default can lead to imprisonment of up to three years, a further fine of up to 10%, or both.
Unregistered sales also expose the promoter to refund and interest claims from allottees.
How we help
- Pre-registration review of title, approvals, layout, phasing and project structure
- Guidance on opening the three designated accounts in one scheduled bank before filing
- Form 3 certification for registration, and review of Forms 1 and 2 for consistency
- Legal Title Report and encumbrance review coordinated with legal counsel
- Agreement for sale and allotment letter, with deviation report
- Online filing, query responses and follow-up until the certificate is issued
- Project set up on our compliance calendar from day one
Deliverables: Registration certificate, project login handover, project compliance calendar, and a document vault of everything filed.
Planning a new project or phase?
Request a consultation and we will send a project-specific document checklist.
Content as at 27-10-2026. General information only, not professional advice; see our Disclaimer.