🛡️ RERA Help Center
Your complete guide to MahaRERA — understand your rights as a home buyer, know the rules, and test your knowledge.
📚 324 Questions & Answers📋 Registration & Compliance
Penalty for Non registration as Real estate agent under RERA Act
1. Rs. 10,000 for every day during which such default continues
2. to 5 % of the cost of plot, apartment or building, as the case may be of the Real
Estate Project
3. Rs. 10,000 for every day during which such default continues, which may
cumulatively extend up to 5 % of the cost of plot, apartment or building, as the
case may be of the Real Estate Project
4. None of the above.
✅ Answer: Rs. 10,000 for every day during which such default continues, which may
cumulatively extend up to 5 % of the cost of plot, apartment or building, as the
case may be of the Real Estate Project
Which of the following project does not require RERA registration as per section of RERA Act.
1. A commercial building having 20 offices
2. A project on land admeasuring 2 Acres
3. A housing project having 50 apartments
4. A redevelopment project of existing society where there is no extra unit is constructed.
✅ Answer: A redevelopment project of existing society where there is no extra unit is constructed.
On completion of 30 days period from the date of application If the registration application is not rejected then, in how many days the authority has to provide registration certificate to the applicant
1. 7 days
2. 15 days
3. 30 days
4. 10 days
✅ Answer: 7 days
Real Estate agent is defined in Section ____of Real Estate( Regulation and Development ) Act, 2016.
1. Section 2 (z)
2. Section 2
3. Section 2 (zm)
4. Section 2 (m)
✅ Answer: Section 2 (zm)
How many types of Real Estate Agents?
1. 4
2. 3
3. 1
4. 2
✅ Answer: There are 2 types of Real Estate Agents - One is an Individual and the other is a Company, both can be registered for 5 years.
The renewal of real estate agent registration may commence at least _____days prior the expiry of Registration.
1. 15
2. 30
3. 45
4. 60
✅ Answer: 60 Days before the expiry
Can a promoter or a real estate agent file a complaint against a buyer?
1. Only a Promoter can file
2. Only an Real Estate Agent can file
3. Both can file
4. No
✅ Answer: Both Real Estate Agents and Buyers can file Complaints against each other.
On completion of ___period as per rule the authority shall if the application is not rejected provide registration number to the applicant?
1. 15 days
2. 45 days
3. 7 days
4. 30 days.
✅ Answer: 7 days
What is the validity of the registration granted to the real estate agent ?
1. 2 years
2. 5 years
3. 3 years
4. 10 years
✅ Answer: 5 years
The application for renewal of registration shall be made in which Form?
1. Form K
2. Form J
3. Form F
4. Form G
✅ Answer: Form J
Without registration under MAHARERA a promoter cannot?
1. Advertise, Sell or offer to sell, Take advance from allottees
2. Sell or offer to sell
3. Take advance from allottees
4. All of the Above
✅ Answer: Advertise, Sell or offer to sell, or Take advance from allottees
Which of the following is not the part of annual compliance of the promoter.
1. Form 02A
2. Form 05
3. Form 04
4. None of the above
✅ Answer: Form 04 is not the part of the annual compliance of the promoter.
Commencement certificate of the project is issued by
1. The government of India
2. The Government of Maharashtra
3. RERA Authority
4. Local authority of the area in which the project is situated.
✅ Answer: Local authority of the area in which the project is situated.
What is the purpose of uploading the allotment letter with the application for registration of the real estate project?
1. To apply for a discount on the property price
2. To show that the format complies with regulatory requirements
3. To provide proof of deposit or advance payments
4. To request a change in the property details
✅ Answer: To show that the format complies with regulatory requirements
Within how many days of receiving the occupancy certificate of the Project, should the Promoter offer possession to the Allottee?
1. 30 days
2. 45 days
3. 7 days
4. 15 days
✅ Answer: 7 days
The registration charges of the property below 30 lacs is ?
1. 0.01
2. 0.02
3. Rs. 30000
4. None of the above
✅ Answer: 1% - Registration fees for properties valued at less than 30 lacs
If the registration of a real estate project is revoked for any reason, how will the interest of the buyer, in such project, be protected by MahaRERA?
4. Secion 8
✅ Answer: MahaRERA will take action in accordance with section 8 of the Act.
Can the promoter change the plans of subsequent phases after registration of the 1st phase?
4. Section 14
✅ Answer: The Act puts an obligation on a promoter to obtain consent of each allottee, if he wants to change the building plans for the phase that is registered. If a subsequent phase has not been registered, the promoter can change the plans of the subsequent phases without obtaining consent of the allottees from current / ongoing phases. However, if the subsequent phases are also registered, consent of allottees, of the concerned phases, would be needed as mentioned in section 14 of the Act.
What is the fee for registration? What is the duration?
4. Rule 11(3)
✅ Answer: The fees are in accordance with Rule 11(3) of the Maharashtra Real Estate(Regulation and Development)(Registration of Real Estate Projects, Registration of Real Estate Agents, Rates of Interest and Disclosures on Website) Rules, 2017. The Real Estate Agent registration is valid for a period of five years
Even if real estate agent has not taken any commission from client and taken it from promoter, can the agent still be responsible and liable for builder’s default?
4. Section 10
✅ Answer: The agent's liability is in accordance with Section 10 of the Act. He is not held liable for the promoter's default
What are the Registration Charges for Property Below 30 Lakhs?
✅ Answer: If Agreement Value is less than 30 Lakhs then its 1% and if above to any amount its Rs.30000/-
What are the consequences to the Developer, if the Appellate Tribunal order is not complied?
✅ Answer: The Developer can be fined upto 10% of the Project Cost and Imprisoned or both.
Can a promoter or real estate agent lodge a complaint with MahaRera against a buyer?
✅ Answer: Yes. An aggrieved person having any interest in the registered real estate project can file complaint.
Is MahaRera registration of agents required for the purchase and sale of New Projects?
✅ Answer: Yes. Only MahaRera Registered Agents can deal in New Projects.
According to the RERA Act, how many months from the date of issue of the Occupation Certificate is a Promoter required to execute a registered conveyance deed in favor of the allottee?
✅ Answer: As per the RERA Act, the time frame within which a Promoter must execute a registered conveyance deed in favor of the allottee is 3 months from the date of issue of the Occupation Certificate
What are the main features of the MahaRERA website for real estate agents?
✅ Answer: Real Estate Agent Registration, View Real Estate Project details, Real Estate Agent Renewal
What is required to search for a Registered Agent on the MahaRERA portal?
✅ Answer: Agent Name or MahaRERA Agent Registered Number
Which Section of the Real Estate (Regulation and Development) Act, 2016, defines real estate agent.
✅ Answer: Section 2 (ZM) - Section of the Real Estate (Regulation and Development) Act, 2016, provides the definition of a real estate agent
What penalty is levied on the Real Estate Agent, if he/she fails to adhere to the mandates prescribed by MahaRERA?
✅ Answer: Rs. 10,000/- per day, 5% of the cost of the plot/apartment/building
How many types of Real Estate Agents
✅ Answer: There are 2 - One is an Individual and other one being the Company, both can register for 5 years. Individual registration is Rs.10000, Company is Rs.100,000/-
In how much time, can a Real Estate Agent re apply if his RERA Registration is revoked?
✅ Answer: 6 months
How much time prior to the expiry of the RERA Registration, Can a Real Estate Agent apply for renewal?
✅ Answer: The real estate agent can apply 60 Days prior to the expiry of the RERA Registration.
Can a promoter or a real estate agent file a complaint against a buyer?
✅ Answer: They can file their complaints separately.
If the application by the Real Estate Agent is not rejected after the prescribed time period, in how much time, the authority must give the applicant their registration number.
✅ Answer: 7 days
When can the RERA Registration of an Agent can be revoked?
✅ Answer: Commits breach, Unfair trade practice, Secured registration through
misrepresentation.
What Form is required for the renewal of registration for a Real Estate Agent?
✅ Answer: Form J is required for the renewal of registration for a Real Estate Agent.
What kind of projects are exempted from RERA registration?
✅ Answer: Land does not exceed 500 sq mts or the number of apartments does not exceed 8 apartments.
What is the timeline within which the authority either accepts or rejects the application for RERA registration?
✅ Answer: Within 30 days - timeframe the authority either approve or reject the application for RERA registration
When can MahaRERA revoke the RERA registration of the project?
✅ Answer: If the Promoter is not complying with the rules and regulations as prescribed under the Act.
If the RERA registration for a project is revoked, then the Promoter shall
✅ Answer: Be liable to pay a penalty as per laws.
How much__% of total sale consideration value can a promoter receive on or before execution and registration of the Agreement for Sale?
✅ Answer: 10% of the Agreement Value
Promoter has to update Form-1, Form-2 and Form 3 viz the Architect, Engineer & CA Certificate respectively how frequently?
✅ Answer: Quarterly
Which all documents are required for obtaining CC - Commencement Certificate
✅ Answer: NOC of Tree Authority, Non-Agriculture (NA) permission & Layout and Building Plan Approvals
Can a buyer/allottee Occupy property without Occupation Certificate (OC)?
✅ Answer: No, the Buyer/Allottee cannot occupy the property without OC.
Which of the following is not the part of annual compliance of the promoter?
✅ Answer: Form 4, being the certificate issued by the architect on completion of the project.
Key Services for Real Estate Agents on MahaRERA Portal does not include?
✅ Answer: Project Updates
The registration tab of MAHARERA does not include
✅ Answer: FAQs
Punishment for non-registration of the project under Section 3 of the Act is
✅ Answer: 10% of the estimated cost of the real estate project as determined by the Authority, Imprisonment for a term which may extend up to 3 years or with fine which may extend up to a further 10% of the estimated cost of the real estate project.
Penalty for Non-registration as Real Estate Agent under RERA Act
✅ Answer: Rs. 10,000 for every day during which such default continues, which may cumulatively extend up to 5% of the cost of plot, apartment or building, as the case may be of the Real Estate Project.
Time limit for filing appeal with MAHARERA Appellate Authority by the real estate agent is?
✅ Answer: 60 days from the date on which a copy of the direction or order or decision made.
Which of the following project does not require RERA registration as per section of RERA Act.
✅ Answer: A redevelopment project of an existing society where there is no extra unit is constructed and there is no sale portion.
Which of the following is not mandatory documents for RERA registration of a project:
✅ Answer: Brochure of the project
On completion of 30 days period from the date of application If the registration application is not rejected then, in how many days the authority has to provide registration certificate to the applicant
✅ Answer: 7 days
What is the purpose of uploading the allotment letter with the application for registration of the real estate project?
✅ Answer: To show that the format complies with regulatory requirements
The registration charges of the property below 30 lacs is ?
✅ Answer: 1%
Which section of the MahaRERA Act governs the registration of real estate agents?
✅ Answer: Section 9 of the MahaRERA Act.
Under Section 12 of MahaRERA, what are the consequences for non-compliance with the provisions of the Act?
✅ Answer: Non-compliance can result in penalties, fines, or suspension or cancellation of registration.
Which rule under MahaRERA specifies the format for the registration of real estate agents?
✅ Answer: Rule 9 of the Maharashtra Real Estate (Regulation and Development) (Registration of Real Estate Projects, Registration of Real Estate Agents, Rates of Interest, and Disclosures on Websites) Rules, 2017.
According to Section 11 of MahaRERA, what is the validity period of the registration granted to a real estate agent?
✅ Answer: The registration is valid for five years from the date of issue.
Which section of the RERA Act mandates the registration of real estate agents?
✅ Answer: Section 9 of the RERA Act.
According to Section 10 of RERA, what are the qualifications and eligibility criteria for real estate agents?
✅ Answer: The qualifications and eligibility criteria are specified by the respective state regulatory authority.
What is the penalty for non-registration of a real estate agent under RERA?
✅ Answer: Non-registration can attract a penalty of up to 10% of the project cost under Section 59 of the RERA Act.
According to Rule 4 of the Maharashtra Real Estate Regulatory Authority (MahaRERA) Rules, 2017, what information should be provided in the application for registration as a real estate agent?
✅ Answer: The application should include details such as name, address, contact information, qualifications, and experience of the real estate agent.
Under Rule 10 of MahaRERA, what are the obligations of a registered real estate agent towards the allottees?
✅ Answer: The obligations include facilitating possession of the unit, adhering to the terms and conditions of the agreement, and providing necessary documents and information.
According to Rule 15 of MahaRERA, what are the guidelines for maintaining books of accounts by real estate agents?
✅ Answer: Real estate agents are required to maintain books of accounts in the format prescribed by the Institute of Chartered Accountants of India (ICAI).
What is the penalty for contravening Rule 9 of MahaRERA regarding the display of registration details in advertisements?
✅ Answer: Contravention can attract a penalty of up to 5% of the estimated cost of the real estate project, as per Rule 9(8) of MahaRERA.
According to Rule13 of MahaRERA, what are the obligations of a real estate agent towards the Regulatory Authority?
✅ Answer: The obligations include maintaining and preserving books of accounts, records, and documents related to real estate transactions, and providing them for inspection by the Regulatory Authority.
Under Rule 5 of the Real Estate (Regulation and Development) (General) Rules, 2016, what information should be provided in the application for registration as a real estate agent?
✅ Answer: The application should include details such as name, address, contact information, qualifications, and experience of the real estate agent.
According to Rule 9 of RERA, what are the responsibilities of a registered real estate agent towards the allottees?
✅ Answer: The responsibilities include facilitating possession of the unit, adhering to the terms and conditions of the agreement, and providing necessary documents and information.
Under Rule 16 of RERA, what are the guidelines for maintaining books of accounts by real estate agents?
✅ Answer: Real estate agents are required to maintain books of accounts in accordance with the Accounting Standards specified by the Institute of Chartered Accountants of India (ICAI).
What is the penalty for contravening Rule 4 of RERA regarding the display of registration details in advertisements?
✅ Answer: Contravention can attract a penalty of up to 10% of the estimated cost of the real estate project, as per Rule 4(2) of RERA.
According to Rule 11 of RERA, what are the obligations of a real estate agent towards the Regulatory Authority?
✅ Answer: The obligations include maintaining and preserving books of accounts, records, and documents related to real estate transactions, and providing them for inspection by the Regulatory Authority.
What are the ethical responsibilities of a real estate agent towards clients?
✅ Answer: Ethical responsibilities include honesty, integrity, confidentiality, loyalty, and acting in the best interest of the client.
How can a real estate agent ensure compliance with MahaRERA and RERA India?
✅ Answer: Real estate agents should stay updated with the latest regulations, maintain proper documentation, disclose relevant information, and cooperate with the regulatory authorities.
What steps can a real estate agent take to resolve disputes between buyers and developers?
✅ Answer: Real estate agents can facilitate communication, provide information, and help in resolving issues through negotiation or by guiding the parties towards the dispute resolution mechanism provided by MahaRERA or RERA India.
What are the obligations of a real estate agent in terms of ensuring proper documentation in property transactions?
✅ Answer: Real estate agents should ensure that all necessary legal documents, including agreements, NOCs, and approvals, are in place and properly executed during property transactions.
How can a real estate agent ensure transparency in property transactions?
✅ Answer: Real estate agents can promote transparency by providing accurate information, disclosing material facts, maintaining proper records, and adhering to the provisions of MahaRERA and RERA India.
What remedies are available to aggrieved parties in case of non-compliance by real estate agents or developers?
✅ Answer: Remedies may include compensation, refund of money with interest, specific performance of the agreement, or any other relief as deemed appropriate by MahaRERA or the respective state regulatory authority.
Can a real estate agent appeal against an order or decision of MahaRERA or the Regulatory Authority?
✅ Answer: Yes, a real estate agent can file an appeal with the appropriate appellate authority within the specified time period, as provided under MahaRERA or RERA India.
What is the importance of adhering to a code of conduct for real estate agents?
✅ Answer: Adhering to a code of conduct helps maintain professionalism, promotes ethical practices, and enhances trust and confidence among clients and stakeholders.
What are some key elements of a code of conduct for real estate agents?
✅ Answer: Key elements may include honesty, integrity, confidentiality, fair dealing, compliance with laws and regulations, and treating all parties with respect and fairness.
How can a real estate agent maintain confidentiality in client interactions?
✅ Answer: Real estate agents should handle client information with care, seek explicit consent for sharing confidential information, and ensure data security measures are in place.
What are the consequences of a real estate agent breaching the code of conduct?
✅ Answer: Breaching the code of conduct can lead to disciplinary action, suspension or cancellation of registration, and damage to professional reputation.
How can a real estate agent uphold the principles of fair dealing and avoid conflicts of interest?
✅ Answer: Real estate agents should disclose any potential conflicts of interest, act impartially, avoid favoritism, and prioritize the client's interests over personal gain.
What is the procedure for property registration in Maharashtra?
✅ Answer: Property registration is done under the provisions of the Registration Act, 1908. It involves presenting the necessary documents, paying the applicable stamp duty and registration fees, and getting the property registered with the Sub-Registrar of Assurances.
What records should a real estate agent maintain as part of compliance with MahaRERA and RERA India?
✅ Answer: Real estate agents should maintain records of transactions, agreements, communications, financial statements, and other relevant documents related to their real estate activities.
How long should records be retained by real estate agents?
✅ Answer: Records should be retained for a minimum period of five years from the date of completion of the real estate project or the last transaction, as per the provisions of MahaRERA and RERA India.
What are the consequences of non-compliance with record-keeping requirements?
✅ Answer: Non-compliance can result in penalties, fines, or adverse findings during inspections or audits conducted by the regulatory authorities.
Can real estate agents use electronic records and digital signatures for compliance purposes?
✅ Answer: Yes, real estate agents can use electronic records and digital signatures, subject to compliance with the applicable laws and regulations on electronic transactions and data security.
What measures should real estate agents take to ensure data security and privacy?
✅ Answer: Real estate agents should implement secure storage and access controls for electronic records, adhere to data protection laws, and adopt best practices for safeguarding client information and preventing data breaches.
According to Section 11(1) of the MahaRERA Act, who is required to obtain registration as a real estate agent?
✅ Answer: Section 11(1) mandates that any person who intends to facilitate the sale or purchase of units in a real estate project must obtain registration as a real estate agent under MahaRERA.
According to Section 19 of MahaRERA Act, what are the penalties for non-registration of a real estate project with MahaRERA?
✅ Answer: Section 19 allows MahaRERA to impose penalties on developers for failing to register their real estate projects, which may include monetary fines or imprisonment.
According to Section 21 of the MahaRERA Act, what are the conditions for granting an extension of registration for a real estate project?
✅ Answer: Section 21 allows MahaRERA to grant an extension of registration for a real estate project if it is satisfied that the extension is necessary due to force majeure or other reasons.
According to Section 44(1) of MahaRERA Act, what are the penalties for non-compliance with the orders of MahaRERA Appellate Tribunal?
✅ Answer: Section 44(1) specifies that the penalties for non-compliance with the orders of MahaRERA Appellate Tribunal can include imprisonment for a term which may extend up to three years and/or a fine.
Mandatory registration of real estate projects
✅ Answer: Developers are required to register their real estate projects with MAHARERA before advertising, marketing, or selling any units. This ensures transparency, protects buyers' interests, and promotes accountability.
Registration of real estate agents
✅ Answer: Real estate agents operating in Maharashtra need to obtain registration with MAHARERA. This ensures that agents adhere to certain standards and guidelines while facilitating the sale or purchase of units in real estate projects.
Penalties for non-compliance
✅ Answer: This section imposes penalties on developers or real estate agents for non-compliance with the provisions of the MAHARERA Act. Penalties may include fines, imprisonment, or both, depending on the nature and severity of the violation.
Agents must prominently display their RERA registration number
✅ Answer: At their place of business and all marketing materials
Which section of RERA specifies the penalties for non-compliance by agents?
✅ Answer: Section 62
⚖️ Penalties & Violations
Which areas of Maharashtra are included in the Planning Area as defined in the Act?
4. Section 2(zh)
✅ Answer: In accordance with notifications issued by Urban Development Department of Government of Maharashtra, MR & TP Act is applicable to all the districts of Maharashtra. Hence, all areas of Maharashtra are included in Planning Area as defined in Section 2(zh) of the Act
What is the rate of interest at which the penalty may be charged to the Allottee for making default in timely payment of consideration to the Promoter as prescribed under the Act?
✅ Answer: State Bank of India Highest - Marginal Cost of Lending Rate (MCLR) plus 2%.
According to Section 44(3) of MahaRERA Act, what is the penalty for contravening the orders of MahaRERA Appellate Tribunal?
✅ Answer: Section 44(3) stipulates that the penalty for contravening the orders of the MahaRERA Appellate Tribunal can be a maximum of five percent of the project cost.
What is the penalty for a promoter failing to register a project under RERA?
✅ Answer: Up to 10% of the project cost
📢 Complaints & Appeals
Time limit for filing appeal with MAHARERA Appellate Authority is
1. 60 days from the date on which a copy of the direction or order or decision made
2. 30 days from the date on which a copy of the direction or order or decision made by the Authority or the Adjudicating Officer Performa of model agreement and allotment letter
3. 120 days from the date on which a copy of the direction or order or decision made by the Authority or the Adjudicating Officer
4. 15 days from the date on which a copy of the direction or order or decision made by the Authority or the Adjudicating Officer
✅ Answer: 60 days from the date on which a copy of the direction or order or decision made
Which of the following forms has to be filed with MAHRERA authority for complains
1. Form A
2. Form B
3. Form C
4. Form D
✅ Answer: Form A - Needs to be filed with MAHARERA Authority for Complaints
The amount of costs that must be paid in addition to Form A is
1. 5000
2. 5% of the unit cost
3. 10000
4. None of the above
✅ Answer: Rs. 5000
According to section 4 of The RERA Act, form A shall contain____________
✅ Answer: Name of the entity, address, names and photographs of the Promoter, Copy of the approvals and commencement certificate, Location details of Project with clear demarcation of the land and the latitude and longitude of the end points of the Project
Form issued by Architect of the projects is known as
1. Form 01
2. Form 02
3. Form 04
4. Both (a) & (c)
✅ Answer: Form 01 and Form 04
Form B which has to be signed by the Promoter or any person authorized by the Promoter stating the following.
1. That the land is free from all encumbrances or the encumbrances on such land including the right, title and interest or name of any party in or over such land along with the details
2. That 70% of the amounts realized from the allottees from time to time is deposited in a separate account to be maintained in a scheduled bank to cover the cost of construction and the land cost and should be used only for that purpose
3. That he has title to the land on which the development of the land is proposed along with valid documents of authentication of title if such land is owned by some other person
4. All of the above.
✅ Answer: That the land is free from all encumbrances or the encumbrances on such land including the right, title and interest or name of any party in or over such land along with the details. That 70% of the amounts realized from the allottees from time to time is deposited in a separate account to be maintained in a scheduled bank to cover the cost of construction and the land cost and should be used only for that purpose. That he has title to the land on which the development of the land is proposed along with valid documents of authentication of title if such land is owned by some other person
What is the mandatory format for issuing an allotment letter?
1. As per the purchaser's request
2. As per the builder's discretion
3. As per the model form of allotment letter issued by MAHARERA
4. As per the central government regulations
✅ Answer: As per the model form of allotment letter issued by MAHARERA
When is it mandatory to issue the allotment letter in the specified format?
1. When the property is transferred to a family member
2. When purchasing multiple properties
3. When the property is fully paid for
4. When a deposit or advance of not more than 10% of the cost of the property is collected
✅ Answer: When a deposit or advance of not more than 10% of the cost of the property is collected
What are the provisions for an aggrieved person to lodge a complaint?
4. Section 31
✅ Answer: Section 31 of the Act and Rule 6 of Maharashtra Real Estate (Regulation and Development) (Recovery of Interest, Penalty, Compensation, Fine payable, Forms of Complaints and Appeal, etc.) Rules, 2017 provide for filing of complaint with MahaRERA, by an aggrieved person who has any interest in the registered project. The aggrieved person can file an application online as per format provided by MahaRERA. It shall include
the following details:
- Registration number of the project to which the complaint pertains
- Particulars of the complainant and respondent
- Facts of the case
- Relief Sought
- List of Enclosures and so on
Is there any provision for interim relief to be granted, pending the final adjudication of the complaint?
4. Section 36
✅ Answer: The procedure to be followed by MahaRERA while adjudicating a complaint is detailed in section 36 of the Act read with Rule 6(2) of Maharashtra Real Estate (Regulation and Development) (Recovery of Interest, Penalty, Compensation, Fine payable, Forms of Complaints and Appeal, etc.) Rules, 2017.
Is there any time limit prescribed for disposal of complaints?
4. Section 29
✅ Answer: Section 29 of the Act provides that complaints should be disposed off as expeditiously as possible but not later than sixty days from the date of filing the same. However, where it cannot be disposed of during the said period, the Real Estate Regulatory Authority is required to record its reasons for the same.
If the buyer wants to file a complaint in Consumer Court, is there any bar under the Act?
4. Section 79
✅ Answer: No. As per section 79 of the Act, civil courts are barred from entertaining disputes (suits or proceedings) in respect of matters which Real Estate Regulatory Authority or the adjudicating officer or the Appellate Tribunal is empowered under the Act to determine.
However, the consumer forums (National, State or District) have not been barred from the ambit of the Act. Section 71 proviso permits the complainant to withdraw his complaint as regards matters under section 12, 14, 18 and section 19, from the consumer forum and file it with the adjudicating officer appointed under the Act.
In how many days a Buyer under the RERA Act can file an Appeal with RERA?
✅ Answer: A period of 60 days from the date of the default by the developer.
What form specifies the complaint format that must be submitted to RERA?
✅ Answer: Form B has to be filled by the Allottee with the Complaint.
What is the target timeframe for the Appellate Tribunal at MahaRERA to resolve the appeal?
✅ Answer: 60 Days from the date of appeal by the Allottee.
Which form that must be uploaded every quarter by the Developer in an ongoing development.
✅ Answer: Form 3 (CA certificate)
What options are available when searching for complaints on the MahaRERA website?
✅ Answer: Promoter-wise, Project wise searches are available for complaints.
One of the following, is NOT a part of the Model Form of Agreement?
✅ Answer: Interest Payment
What is the full form of TDS
✅ Answer: Tax Deducted at Source
Which is the Form Required to be filled on the Income Tax website for Tax Deduction at the time of Property Purchase
✅ Answer: Form - 26QB
Who can file a complaint under MahaRERA?
✅ Answer: Allottee or Association of allottees, Promoter, Real Estate Agents.
Who selects the chairperson under Appellate Tribunal?
✅ Answer: State Government Considering Recommendation by Selection Committee
What can be viewed on GIS (Geographic Information System)?
✅ Answer: Registered projects across Maharashtra in Maps with their location pin pointed.
What can be viewed under 'View all complaints'?
✅ Answer: Complaints project-wise and promoter wise
Which of the following forms has to be filed with MahaRERA authority for complaints
✅ Answer: Form A
The amount of fees the is required to be paid along with form A is
✅ Answer: Rs.5,000
According to section 4 of The RERA Act, form A shall contain____________
✅ Answer: Name of the entity, address, names, and photographs of the Promoter. Copy of the approvals and commencement certificate. Location details of the Project with clear demarcation of the land and the latitude and longitude of the end points of the Project
A form issued by the Architect of the projects is known as
✅ Answer: Form 01 and Form 04
Form B which has to be signed by the Promoter or any person authorized by the Promoter states the following.
✅ Answer: That the land is free from all encumbrances or the encumbrances on such land including the right, title, and interest or name of any party in or over such land along with the details, That 70% of the amounts realized from the allottees from time to time is deposited in a separate account to be maintained in a scheduled bank to cover the cost of construction and the land cost and should be used only for that purpose That he has title to the land on which the development of the land is proposed along with valid documents of authentication of title if such land is owned by some other person
What is the mandatory format for issuing an allotment letter?
✅ Answer: As per the model form of allotment letter issued by MAHARERA
When is it mandatory to issue the allotment letter in the specified format?
✅ Answer: When a deposit or advance of not more than 10% of the cost of the property is collected
Which of the following is the form for filing return under section 194IA
✅ Answer: 26QB
What is the process for filing a complaint under MahaRERA?
✅ Answer: Complaints can be filed online or in person with the MahaRERA authority, providing the necessary details, supporting documents, and the prescribed fee.
How does the adjudication process work under MahaRERA and RERA India?
✅ Answer: Adjudication involves the determination of rights, obligations, and penalties by the adjudicating officer appointed by the regulatory authority, based on the evidence and submissions presented by the parties.
According to Section 12 of MahaRERA Act, what information should be included in the agreement for sale between the promoter and the homebuyer?
✅ Answer: Section 12 specifies that the agreement for sale must contain details of the project, the apartment or plot, the date of possession, and the rights and obligations of the promoter and the homebuyer.
According to Section 14 of MahaRERA Act, what is the process for filing a complaint with MahaRERA?
✅ Answer: Section 14 outlines the procedure for filing a complaint with MahaRERA, including the required format, fees, and supporting documents.
According to Section 34(2) of MahaRERA Act, what is the time limit for the MahaRERA Appellate Tribunal to dispose of appeals?
✅ Answer: Section 34(2) states that the MahaRERA Appellate Tribunal must dispose of appeals within a period of sixty days from the date of receipt of the appeal.
According to Section 59 of MahaRERA Act, how can an aggrieved person appeal against the orders or decisions of MahaRERA?
✅ Answer: Section 59 provides the procedure for filing an appeal against the orders or decisions of MahaRERA, including the time limit, format, and fees.
Appeals against orders of MAHARERA
✅ Answer: Any aggrieved person can file an appeal against the orders or decisions of MAHARERA within a specified time period. This allows for a review of the decision by a higher authority to ensure justice and fairness.
Where can appeals against MahaRERA orders be filed?
✅ Answer: Real Estate Appellate Tribunal
What is the time limit for MahaRERA to resolve a complaint?
✅ Answer: 60 days
What is the maximum time frame for the adjudicating officer to dispose of a complaint under RERA?
✅ Answer: 60 days
Who has the authority to hear appeals against the decisions of the Real Estate Regulatory Authority under RERA?
✅ Answer: Real Estate Appellate Tribunal
🛡️ Buyer Rights & Refunds
Which of the following are obligation of allottees as per MAHARERA Act & Rules
1. Make Payments In A Timely Manner,
2. Liability to Pay Interest
3. Formation of the Association
4. All of the above
✅ Answer: Make Payments In A Timely Manner, Liability to Pay Interest, Formation of the Association
The promoter needs the consent of the __________ allottees in order to transfer its majority rights to any third party.
1. 1/3rd
2. 2/3rd
3. all i.e. 100%
4. No permission required
✅ Answer: 2/3rd
What is the time period available with the promoter for constituting association of allottees
1. 30 days from the date of majority of allottees having booked their units
2. 2 months from the date of majority of allottees having booked their units
3. 3 months from the date of majority of allottees having booked their units
4. None of the above
✅ Answer: 3 months from the date of majority of allottees having booked their units
What is the maximum advance a promoter can accept without entering into the registered agreement with allottees.
1. 5% of total consideration
2. 10% of total consideration
3. 20% of total consideration
4. None of the above
✅ Answer: 10% of total consideration
What is the time period available with the promoter for executing conveyance deed in favour of association of allottees
1. 3 Months from the date of OC
2. 50% of the total number of allottees in such building or wing have paid the full
3. Either (a) or (b) whichever is earlier
4. No such conveyance is required.
✅ Answer: 3 Months from the date of OC, 50% of the total number of allottees in such building or wing have paid the full
The promoter is responsible for structural defect for the period of ______ years from the date of handing over of possession
1. 5 years
2. 10 years
3. Lifetime
4. None of the above
✅ Answer: 5 years
What does the Promoter need to obtain from the local authority before handing over possession of the Apartment?
1. Sanction Plan
2. Commencement certificate
3. Occupancy and/or completion certificates
4. NA order
✅ Answer: Occupancy and/or completion certificates (OC or BCC) should be issued by the local authority before handing over possession of the Apartment.
How much time does the promoter have to give notice to the Allottee before terminating the Agreement?
1. 15 Days
2. 10 Days
3. 20 Days
4. 5 Days
✅ Answer: 15 Days Notice to be given to the Allottee before terminating the Agreement.
Within how many months should the Allottee take possession of the Apartment/Plot after receiving a written offer from the Promoter?
1. 12
2. 3
3. 6
4. 1
✅ Answer: 3 Months from the date of receiving a written offer from the promoter.
Does the term ‘allottee’ include secondary sales?
4. 2(d)
✅ Answer: As per section 2(d) an allottee includes a person who acquires the said ‘apartment /plot’ through transfer or sale, but does not include a person to whom such plot, apartment is given on rent. The Act doesn’t include rental projects, lease / leave and License deals.
What is the obligation of the promoter towards return of amount and compensation to the allottee?
4. Section 18
✅ Answer: Section 18 of the Act provides for provisions as regards various situations in which the allottee would be compensated by the promoter due to delay in completion of the project etc.
Can project finance taken by promoters from financial institutions be withdrawn from designated 70% account?
4. Section 4
✅ Answer: Yes, if this is declared at the time of registration and subject to provisions of Section 4 of the Act and Maharashtra Real Estate (Regulation and Development)(Registration of Real Estate Projects, Registration of Real Estate Agents, Rates of Interest and Disclosures on Website) Rules, 2017 made there under. However, the money withdrawn should be utilized towards construction expenses of the project, on priority.
Sometimes buyer is ready and gives undertaking that he is ok to give money beyond 10% however does not want to register. Should it be allowed?
4. Section 13(1)
✅ Answer: No. Section 13(1) of the Act prohibits the promoter from taking more than 10% of the cost of apartment without entering into a written agreement for sale, duly registered.
Who is termed as an Allottee in a transaction?
✅ Answer: The Purchaser (the Allottee)
What details must be provided to the allottee (the property buyer)?
✅ Answer: Completion date of the project as mentioned in the RERA Registration.
After the Developer gets OC, what is the timeline the Allottee has to take possession?
✅ Answer: 2 Months
How many allottees must give permission before any additions or changes to the plans may be made?
✅ Answer: Consent of 2/3rd allottees is required by the developer to change plans.
How much consent of Allottees is required by the Developer before transferring majority rights in Project to a third party?
✅ Answer: 2/3rd consent of the allottees required.
What are the main services offered by the MahaRERA website to allottees?
✅ Answer: Project Extension, Make a Complaint
How much % of Allottee's consent is required before making any alteration in the sanctioned plans?
✅ Answer: 2/3rd consent of total allottees.
Allotment letter is issued once a buyer pays up to __ % of property value to the promoter?
✅ Answer: 10% - A promoter shall not accept a sum more than ten percent. of the cost of the apartment, plot, or
building as the case may be, as an advance payment or an application fee, from a person without first entering into a written agreement for sale.
After 61 days from the issuance of the allotment letter, __ % of the amount of the said unit will be deducted during the cancellation of the allotment
✅ Answer: 2% - After 61 days from the allotment letter issuance.
The prescribed interest rate under RERA is?
✅ Answer: MCLR + 2%
Key Services for Allottees on MahaRERA Portal do not include
✅ Answer: Major Modifications of the Project
Which of the following are obligations of allottees as per MahaRERA Act & Rules
✅ Answer: Make Payments In A Timely Manner, Liability to Pay Interest, Formation of the Association
What is the time period available with the promoter for constituting association of allottees?
✅ Answer: 3 months from the date of majority of allottees having booked their units.
3 months from the date of the majority of allottees having booked their units.
✅ Answer: 3 Months from the date of OC OR 50% of the total number of allottees in such building or wing have paid the full
What does the Promoter need to obtain from the local authority before handing over possession of the Apartment?
✅ Answer: Occupancy and/or completion certificates
How much time does the promoter have to give notice to the Allottee before terminating the Agreement?
✅ Answer: 15 Days
Within how many months should the Allottee take possession of the Apartment/Plot after receiving a written offer from the Promoter?
✅ Answer: 7 Days
According to Section 17 of MahaRERA Act, what are the rights of a homebuyer in case of structural defects or any other deficiencies in the project?
✅ Answer: Section 17 empowers a homebuyer to seek appropriate remedies from the developer, such as repairs, refund, or compensation, in case of structural defects or deficiencies in the project.
According to Section 20 of MahaRERA Act, what are the powers of MahaRERA regarding the recovery of interest or compensation?
✅ Answer: Section 20 empowers MahaRERA to pass orders for the recovery of interest or compensation from developers or real estate agents in case of any violation or non-compliance.
What is an allottee's duty as per RERA?
✅ Answer: Ensure timely payments
Under RERA, how long must a promoter maintain a project's records after handing over possession?
✅ Answer: 5 years
🏛️ RERA Authority & Powers
Limit for interstate E-way bills Is
1. Greater than and equal to 50000
2. Greater than 50000
3. Rs. 100000 and above
4. None of the above
✅ Answer: Greater than 50000
What is the primary dispute, which RERA as an Authority resolves?
✅ Answer: Filing conciliation - (It means that you approach RERA with the dispute).
Does the Civil Court have the authority to hear any cases involving the Maha RERA?
✅ Answer: No, You have to approach Maha RERA only.
If a real estate project has land area less than 500 sq. mts, does the project need to be still registered with MahaRERA?
✅ Answer: No. Every real estate project which has a land area of more than 500 sq. mts and has more than 8 apartments needs to be registered.
What are the powers of RERA?
✅ Answer: The Real Estate Regulatory Authority (in short RERA) performs administrative, quasi-judicial, penal, regulatory, compliance, advocacy, awareness programs, and make necessary recommendation to the government. These efforts and functions result in the overall development of the real estate industry.
When was MahaRERA (the real estate regulatory body for Maharashtra) Founded?
✅ Answer: 8th March, 2017.
Which other States and union territories are subject to MahaRERA's regulatory authority?
✅ Answer: Daman & Diu, Dadra and Nagar Haveli
What proportion of the funds collected from the allocators for the real estate project should be deposited in a different bank account by the Developer?
✅ Answer: 70% - The percentage of the funds received from the allocators for the real estate project must the Developer deposit into a separate bank account.
The Power and Responsibility of deducting the TDS are with ……, and NOT with ... ?
✅ Answer: The Buyer; The Seller.
The proceeding language in RERA authority is?
✅ Answer: English is the Primary language, Marathi If requested by a person, another language of discretion of the Authority with an accompanied Transfer letter.
Limit for interstate E-way bills Is
✅ Answer: Greater than 50000
Which section of MahaRERA deals with the establishment of the Maharashtra Real Estate Regulatory Authority?
✅ Answer: Section 20 of the MahaRERA Act.
Under which Act was the Real Estate Regulatory Authority (RERA) established in India?
✅ Answer: The Real Estate (Regulation and Development) Act, 2016 (RERA Act).
What is the Maharashtra Real Estate (Regulation and Development) Act, 2012?
✅ Answer: There is no Maharashtra Real Estate (Regulation and Development) Act, 2012. However, the MahaRERA Act was enacted in 2017.
What is the significance of the Consumer Protection Act, 2019, in the context of real estate transactions?
✅ Answer: The Consumer Protection Act, 2019 provides additional protection to homebuyers and enables them to file complaints against real estate agents or developers for deficient services or unfair trade practices.
What is the relevance of the Indian Contract Act, of 1872, in real estate transactions?
✅ Answer: The Indian Contract Act, 1872 governs the formation and enforceability of contracts in real estate transactions, including agreements between real estate agents, developers, and homebuyers.
What are the provisions of the Benami Transactions (Prohibition) Act, 1988, in relation to real estate transactions?
✅ Answer: The Benami Transactions (Prohibition) Act, 1988 prohibits benami transactions, which involve transactions where the property is held by one person but the consideration is provided by another person, leading to undisclosed ownership.
What is the significance of the Transfer of Property Act, 1882, in real estate transactions?
✅ Answer: The Transfer of Property Act, 1882 governs the transfer of ownership rights and interests in immovable property, including sale, lease, mortgage, and gift.
According to Section 70 of MahaRERA Act, what are the powers of the State Government in relation to the rules made under the Act?
✅ Answer: Section 70 grants the State Government the power to make rules for carrying out the provisions of the MahaRERA Act, ensuring effective implementation and administration.
Power of the State Government to make rules
✅ Answer: This section grants the State Government the power to make rules for the effective implementation and administration of the MAHARERA Act. These rules provide specific guidelines and procedures for various aspects of the Act.
Which of the following is NOT a function of the Real Estate Regulatory Authority under RERA?
✅ Answer: Arbitrating disputes between builders and buyers
🏗️ Project Rules & Obligations
Which of the following is not covered under the definition of promoter as per RERA Act
1. A builder developing independent row houses
2. A developer under joint development agreement
3. Maharashtra Housing Area development authority
4. Marketing agency of a developer
✅ Answer: Marketing agency of a developer
Following details are not required to be upload at the time of quarter update of the project
1. Update of the list of number and types of apartment or plots, as the case may be booked
2. Update of the list of garages booked
3. Update of the list of approvals taken subsequent to commencement certificate
4. Form 05 by statutory auditor
✅ Answer: Form 05 by statutory auditor
The famous judgement of Ramniklal Tulsidas Kotak v. Varsha Builders (AIR 1992 Bom 62) the Bombay High Court, laid the following disclosure for search report____________
1. Nature of the title of the promoter
2. Nature of the title of the vendor or the promoter or of the person through whom the promoter claims
3. Encumbrances and claims on the land
4. All of the above
✅ Answer: Nature of the title of the promoter, Nature of the title of the vendor or the promoter or of the person through whom the promoter claims, Encumbrances and claims on the land
The promoter shall obtain title insurance for which of the following
1. Title of the land and building as a part of the real estate project
2. Construction of the real estate project
3. Both (a) & (b)
4. None of the above
✅ Answer: Title of the land and building as a part of the real estate project and Construction of the real estate project.
Effective GST Rate for an office block in a commercial scheme in Mumbai having value 40 lacs and carpet area of more than 90 sq. mtr.?
1. 0.05
2. 0.12
3. 0.18
4. 0.28
✅ Answer: 12% - Effective GST Rate for an office building with a value of 40 lacs and a carpet area of more than 90 square meters in commercial development in Mumbai.
Does the definition of ‘promoter’ include public bodies such as Development Authorities and Housing Boards
4. Section 2(zk)
✅ Answer: The Act covers all bodies (private and public) which develop real estate projects for sale to the general public. Section 2(zk) defines the term ‘promoter’ which includes both private and public real estate promoters. Thus, both Development Authorities and the Housing Boards, when involved in sale are covered under the Act.
Does advertisement include solicitation by emails and sms? Is issuance of prospectus considered to be a case of ‘advertisement’ ?
4. Section 2(b)
✅ Answer: As per section 2(b), which defines ‘advertisement’, any medium adopted in soliciting for sale would be covered under the said definition, including sms and emails. Prospectus, which is intended for sale of apartment in real estate project, will also be covered.
If due to a change in government policy, the promoter is entitled to additional FSI etc., can the promoter build additional floors in a registered ongoing project where initially those floors were not planned?
4. Section 14
✅ Answer: Yes, but consent of allottees would be needed as mentioned in Section 14 of theAct.
What is the repercussion for breaching RERA's Section 4 by the Developer?
✅ Answer: A penalty of 5% of the estimated project cost on the developer.
Which Projects Need to be registered with RERA?
✅ Answer: Commercial and Residential projects including plotted development
After the end of each Financial Year, how many months must the Project Accounts be audited?
✅ Answer: 6 months after the conclusion of each Financial Year should the Project Accounts undergo auditing
What is required to search for Registered Project on the MahaRERA portal?
✅ Answer: The Project Name is required so you can get all information.
What are the main services available to Promoters through the MahaRERA website?
✅ Answer: Project Registration, Project Updates, Project Correction
What details can one find on the MahaRERA website about the Projects?
✅ Answer: Registered Projects, Lapsed Projects, Projects Suspended, Deregistered, In Abeyance.
Which official Government body has details available on the Mortgage of a Project?
✅ Answer: CERSAI report.The Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) is set up under section 20 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act).
Which documents reflect the title of the project?
✅ Answer: Title report provided by a Qualified Lawyer. Title Report is also referred to as TSR - Title Search Report.
How many periods can MahaRERA give an extension on the completion date to the Promoter?
✅ Answer: MahaRERA can give an extension upto 1 Year to the Promoter.
Can a Promoter advertise, market, or sell the property without registering the project under MahaRERA?
✅ Answer: No, they can only do so once they are registered with RERA
Which all details the Promoter must disclose on RERA Portal?
✅ Answer: Name of the Entity, Copy of the approvals, and commencement certificate, Copy of Plans approved by MCGM or the relevant authority.
Under RERA, can a promoter accept more than 10% of the cost of apartment without first entering a written and register Agreement for Sale?
✅ Answer: No the promoter cannot accept more then 10%
The total time period under which Promoter is liable for rectifying structural defects under RERA
✅ Answer: 5 years from the date of possession to the Allottee as per Section 14 (3) of Rera Act
What is the Gross GST Rate before abatement on construction service for residential projects other than Affordable housing projects?
✅ Answer: 7.50%
What is the Gross GST Rate before abatement on construction service for residential Affordable housing projects.
✅ Answer: 1.50%
What is the rate of net GST Tax after abatement for Commercial Projects where their carpet area is not exceeding 15% of Total Carpet area of the Whole Project which includes residential project
✅ Answer: 5%
What is the rate of net GST Tax after abatement for Commercial Projects.
✅ Answer: 12%
What is the consideration limit per flat for qualifying as an Affordable housing project.
✅ Answer: The government defines 'affordable housing' as homes with a carpet area of up to 60 sq. metres. A house must cost no more than ?45 lakh.
What is the carpet area limit per flat for qualifying as an Affordable housing project in metro cities
✅ Answer: 60 sq. mtrs in Metro cities and 90 sq.mtrs in Non - Metro Cities.
Can a Developer claim GST Input Tax credit for residential projects launched after 1.4.2019.
✅ Answer: No
Can a Developer claim GST Input Tax credit for Commercial projects launched after 1.4.2019.
✅ Answer: Yes.
In how many days can a request for reviewing an application can be made by the Promoter from the date of issue of any order
✅ Answer: The Promoter can make a request within 45 Days from the date of the issue of the order.
How many days, the Developer/Promoter gets awarded by MahaRERA to pay compensation/cost?
✅ Answer: 30 Days
For the transfer of majority rights to 3rd person Promoter needs the consent of
✅ Answer: 2/3rd of Allottee
Before entering agreement for sale, maximum amount of Advance can be received is:
✅ Answer: Yes, but maximum 10%
Which key service is NOT available for promoters on the MahaRERA portal?
✅ Answer: Make a Sales Brochure
Key Services for Promoters on MahaRERA Portal include
✅ Answer: Project Registration, Project Extension, Making a Complaint
Which of the following is not covered under the definition of promoter as per RERA Act
✅ Answer: Marketing agency of a developer
Following details are not required to be upload at the time of quarter update of the project
✅ Answer: Form 05 by statutory auditor
The famous judgement of Ramniklal Tulsidas Kotak v. Varsha Builders (AIR 1992 Bom 62) the Bombay High Court, laid the following disclosure for search report____________
✅ Answer: Nature of the title of the promoter, Nature of the title of the vendor or the promoter or of the person through whom the promoter claims, Encumbrances and claims on the land
Effective GST Rate for a flat in Mumbai having value more than 45 lacs and carpet area less than 60 sq. mtr.?
✅ Answer: 5%
Effective GST Rate for an office block in a commercial scheme in Mumbai having value 40 lacs and carpet area more than 90 sq. mtr.?
✅ Answer: 12%
What are the laws governing land acquisition and development in Maharashtra?
✅ Answer: The key laws governing land acquisition and development in Maharashtra include the Maharashtra Regional and Town Planning Act, 1966, and the Maharashtra Land Revenue Code, 1966.
What are the rights and responsibilities of landowners and developers in relation to land development agreements?
✅ Answer: The rights and responsibilities of landowners and developers are typically governed by the terms of the land development agreement, which should clearly define the scope of the project, profit-sharing, approvals, and timelines.
Deposit of 70% of project receivables in a separate account
✅ Answer: Developers are required to deposit 70% of the amounts realized from buyers in a separate bank account to ensure that these funds are utilized for the specific project's construction and completion.
Promoters cannot make project changes without
✅ Answer: Consent of at least two-thirds of allottees
What ensures project funds are used solely for construction purposes under RERA?
✅ Answer: Escrow account requirements
What is the maximum allowable advance payment before signing a sale agreement?
✅ Answer: 10%
Which section of the RERA Act deals with the functions and duties of promoters?
✅ Answer: Section 11
Which document must a promoter submit quarterly updates on, as per RERA regulations?
✅ Answer: Construction progress
Under RERA, which of the following is mandatory for a promoter before advertising a project?
✅ Answer: Registering the project with RERA
What percentage of the total project cost must be deposited in a separate bank account by the promoter under RERA?
✅ Answer: 70%
📚 General Knowledge
Which of the following cannot be an appellant
1. Appropriate Government
2. Competent Authority
3. Any person aggrieved by any direction or order or decision of the Authority
4. Local sanctioning authority of the project
✅ Answer: Local sanctioning authority of the project
MAHARERA Conciliation forum consists of panel of the following
1. Conciliators
2. Agents
3. Adjudicating officer
4. None of the above
✅ Answer: Conciliators - The conciliators shall assist the parties in an independent and impartial manner in their attempt to reach an amicable settlement of their dispute.
Which of the following is not an SRO
1. CREDAI
2. MCHI
3. NAREDCO
4. HUDCO
✅ Answer: HUDCO
Which of the following is not a benefit of having a title insurance
1. It helps ensure that proper due diligence is conducted on the property
2. It can reduce the overall risk of real estate transactions
3. It enhances the cost of house/flat
4. It covers any issues with the title that may arise from defects in the title documents
✅ Answer: To Enhances the Cost of said House or Flat
What is an allotment letter?
1. A crucial document during the purchase of an under-construction property
2. An agreement between two parties for interior decoration
3. A document required for availing home loan
4. A document required during registration of completed property
✅ Answer: A crucial document during the purchase of an under-construction property
What does an allotment letter comprise of?
1. Details of proposed apartment/plot, parking space allocated (if any), amount of payment received, sanctioned plans, schedule of completion, list of encumbrances, and more.
2. Details of past property owners, property tax information, fitness certificate for the building, approval from municipal corporation for landscaping inside the apartment complex
3. Details of legal disputes with other parties
4. Details of other prospective buyers, their offer rates, and mode of purchase
✅ Answer: Details of proposed apartment/plot, parking space allocated (if any), amount of payment received, sanctioned plans, schedule of completion, list of encumbrances, and more.
Which of the following must be mutually agreed upon by both parties for a property transaction to maintain legal sanctity of the document?
1. Price of the property
2. Location of the property
3. Number of rooms in the property
4. Clauses to be added to the contract
✅ Answer: The clauses which needed to be added in the contract
What does the term 'escalation-free' mean in context of the given scenario?
1. Free of Cost
2. Subject to arbitrary increases by Promoter
3. No increase in price except for government-mandated development charges or other levies
4. Price would remain constant forever
✅ Answer: No increase in price except for government-mandated development charges or other levies
Which of the following is not an objective behind implementation of GST?
1. To achieve the ideology of ‘One Nation, One Tax.
2. To subsume most of the indirect taxes in India
3. To curb tax evasion
4. None of the above
✅ Answer: To achieve the ideology of ‘One Nation, One Tax’. To subsume most of the indirect taxes in India, To curb tax evasion.
Point of taxation depends upon which of the following:
1. Time of supply
2. Place of supply
3. Value of supply
4. All of the above
✅ Answer: Time of supply
What is the rate of TDS under section 194IA of The Income Tax Act, 1961?
1. 0.01
2. 0.005
3. 0.02
4. 0.2
✅ Answer: 1% - According to Section 194IA of the Income Tax Act of 1961.
In which of the following cases the Provisions under section 194IA is not applicable?
1. The immovable property transferred is a rural agricultural land
2. The immovable property has been compulsory acquired under any law
3. The total amount of consideration for the transfer of immovable property is less than Rs. 50,00,000/-
4. All of the above
✅ Answer: The immovable property transferred is a rural agricultural land ; The immovable property has been compulsory acquired under any law ;The total amount of consideration for the transfer of immovable property is less than Rs. 50,00,000/-
What does RERA stand for?
✅ Answer: Real Estate Regulatory Authority
On which date was the RERA bill passed and what date it was enacted?
✅ Answer: The bill was passed by the Rajya Sabha on 10 March 2016 and by the Lok Sabha on 15 March 2016. The Act came into force on 1 May 2016 & The remaining provisions came into force on 1 May 2017.
Into how many divisions has the RERA syllabus been made?
✅ Answer: 10 Chapters, 92 Sections
What are the aims & objectives of RERA?
✅ Answer: To implement Pan-India standardization and bring about professionalism in the real estate business.
To protect the interest of the allottees.
To maintain transparency and reduce the chances of fraud.
What is the time period RERA has given for structural flaws?
✅ Answer: 5 years - the developer has to give guarantee against construction flaws.
Which Regulation has been issued by the Maharashtra government?
✅ Answer: Maharashtra Real Estate Appellate Tribunal (Members, Officers, and Employees Appointment and Service Conditions) Rules, 2017
Which of the following Regulations are notified by MahaRERA?
✅ Answer: 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
Which are the 5 Traits of MahaRERA?
✅ Answer: 1. Financial Discipline
2. Transparency
3. Accountability and Compliance
4. Citizen Centricity
5. Speedy Grievance Redressal
What was the primary goal of the establishment of MahaRERA?
✅ Answer: Promote transparency, accountability, financial discipline, customer centricity, and compliance.These are also the 5 traits.
Who are the stakeholders of the MahaRERA portal?
✅ Answer: Real Estate Agent, Allottees, Promoters
What is the Website URL of the portal of MahaRERA?
✅ Answer: www.maharera.mahaonline.gov.in
Which two languages are available on the MahaRERA website?
✅ Answer: English and Marathi
What can be downloaded from the MahaRERA Portal?
✅ Answer: Latest Circulars and Orders of MahaRERA, News articles, Acts, FAQ
What is UDCPR -2020?
✅ Answer:
UDCPR stands for Unified Development Control and Promotion Regulations for Maharashtra State
Which section of RERA Act deals with Title Insurance?
✅ Answer: Section 16 of Rera Act - Insurance of:
(i) title of the land and building as a part of the real estate project; and
(ii) construction of the real estate project
After RERA the area of flat must be determined based on what?
✅ Answer: "Carpet area” means the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment.
Is payment of Property Tax mandatory?
✅ Answer: Yes, it is mandatory. However, prior to Selling the Property all old Property Taxes have to be paid by the Promoter.
Is payment of Property Tax mandatory?
✅ Answer: Yes, it is mandatory. However, prior to Selling the Property all old Property Taxes have to be paid by the Promoter.
Receipt of Consideration is a part of?
✅ Answer: Allotment Letter
TDS shall be deducted at Source?
✅ Answer: Yes, TDS has to be deducted of 1% in case the property value is above 50 Lakhs.
For Channel Partner Commission, __ % TDS is to be deducted.
✅ Answer: 5% TDS is applicable currently.
What is the limit for generating e-way bill for the movement of goods?
✅ Answer: Rs.50,000/-
What is the sale consideration limit on sale of immoveable property for deduction of TDS u/s 194IA.
✅ Answer: Rs.50,00,000/-
What is the TDS rate on sale of immoveable property for deduction of TDS u/s 194IA above 50 Lakhs?
✅ Answer: 1%
Who is required to deduct TDS on immovable property?
✅ Answer: Purchaser
In which cases TDS is not required to be deducted at source under section 194-IA.
✅ Answer: Sale of Rural agricultural land.
What is the rate of Stamp Duty in Mumbai?
✅ Answer: 6% Currently
What is the rate of infrastructure cess included in the stamp duty rate?
✅ Answer: 1% - Currently
What are the major challenges before RERA?
✅ Answer: Huge delays in real estate project completion, Cost and time over runs, Misleading advertisement or prospectus issued or published by developers.
Who needs to register under MahaRERA?.
✅ Answer: A Developer developing a project more than 500 Sq.Mtrs.
Any one developing the land into a project with an intent to sell.
A CHS redeveloping or a co-operative body which constructs the apartments for its members or allotees with some portion to new allottees and advertise the same.
What Led to the Establishment of RERA
✅ Answer: No stringent Rules and Regulations for Developers as in a frame work with an act to protect the interest of home buyers led to the formation of RERA.
Which of the following is not an important part of RERA functions?
✅ Answer: Obtaining Deed of Declaration
Which of the following are the benefits of MAHARERA
✅ Answer: Standardization of carpet area, Reducing the risk of insolvency of the builder (amount Kept in separate Bank Account), Grievance Redressal.
How do Allotees/Purchasers benefit from RERA?
✅ Answer: They get Complete Access to all the Details of Projects, Carpet areas, Litigations, Approvals, Project Status, Funding Banks, Architect Certificates, Layout Plans etc.
The conveyance deed for the common area is registered in the name of?
✅ Answer: Association of Allottees
Key pillars of MahaRERA is/are?
✅ Answer: Transparency, Accountability, Financial Discipline, Citizen Centricity, Compliance.
Following are the part of the download section of the MAHARERA Portal:
✅ Answer: Act, Rules, GRs, and Circulars, Suo moto Orders of MahaRERA
At the time of creating an account at the MAHARERA Portal which of the following user type have to be selected:
✅ Answer: The promoter, Real Estate Agent, Complainant - anyone
Which of the following cannot be an appellant?
✅ Answer: Local Sanctioning Authority of the project
Which of the following is a dispute resolution forum available with MAHARERA
✅ Answer: Conciliation, Complaints, Appeals
MAHARERA Conciliation forum consists of a panel of the following?
✅ Answer: Conciliators - The conciliators shall assist the parties in an independent and impartial manner in their attempt to reach an amicable settlement of their dispute.
Which is not a SRO - Self Regulatory Organisation?
✅ Answer: HUDCO
What does an allotment letter comprise of?
✅ Answer: Details of proposed apartment/plot, parking space allocated (if any), amount of payment received, sanctioned plans, schedule of completion, list of encumbrances, and more.
What does the term 'escalation-free' mean in context of the given scenario?
✅ Answer: No increase in price except for government-mandated development charges or other levies
Which of the following is not a GST rate as per Goods and service tax Act and rules?
✅ Answer: 36%
Which of the following is not an objective behind implementation of GST?
✅ Answer: To achieve the ideology of ‘One Nation, One Tax’. To subsume most of the indirect taxes in India, To curb tax evasion. - None of the above
Point of taxation depends upon which of the following:
✅ Answer: Time of supply
What is the rate of TDS under section 194IA of The Income Tax Act, 1961?
✅ Answer: 1%
In which of the following cases the Provisions under section 194IA is not applicable?
✅ Answer: The immovable property transferred is a rural agricultural land, The immovable property has been compulsory acquired under any law, The total amount of consideration for the transfer of immovable property is less than Rs. 50,00,000/-
What is the objective of RERA India?
✅ Answer: The objective is to regulate and promote transparency, accountability, and efficiency in the real estate sector.
Under which Act was the RERA Act introduced in India?
✅ Answer: The RERA Act was introduced under the Real Estate (Regulation and Development) Act, 2016.
What is the role of mediation in resolving disputes under MahaRERA and RERA India?
✅ Answer: Mediation provides a voluntary and non-adversarial dispute resolution process, facilitated by a neutral mediator, to help parties reach a mutually acceptable resolution.
Under which law is stamp duty levied on property transactions in Maharashtra?
✅ Answer: Stamp duty is levied under the Maharashtra Stamp Act, 1958.
According to Section 18(1) of MahaRERA Act, what is the role of MahaRERA in facilitating conciliation or mediation for resolving disputes?
✅ Answer: Section 18(1) establishes the role of MahaRERA in providing facilities for conciliation or mediation to resolve disputes between the parties involved in a real estate project.
According to Section 18(6) of MahaRERA Act, what are the options available to the parties involved in a dispute if they are not satisfied with the outcome of the conciliation or mediation process?
✅ Answer: Section 18(6) allows the parties involved in a dispute to approach the adjudicating officer of MahaRERA for resolution if they are not satisfied with the outcome of the conciliation or mediation process.
According to Section 35(1) of MahaRERA Act, how does MahaRERA interact with other authorities?
✅ Answer: Section 35(1) states that MahaRERA shall have the power to coordinate and cooperate with other authorities involved in the regulation of the real estate sector to achieve the objectives of the Act.
Definition of "apartment"
✅ Answer: An "apartment" refers to a unit in a building or a project that is intended for residential, commercial, or other purposes. For example, a flat in a residential building or an office space in a commercial complex.
Establishment of MAHARERA
✅ Answer: This section establishes the Maharashtra Real Estate Regulatory Authority (MAHARERA) as the regulatory body for the real estate sector in Maharashtra. MAHARERA is responsible for the registration and regulation of real estate projects in the state.
Role of MAHARERA in dispute resolution
✅ Answer: MAHARERA plays a crucial role in resolving disputes between buyers and developers. It provides facilities for conciliation and mediation to facilitate amicable resolution of conflicts and promote a fair and efficient dispute resolution process.
Offenses by companies and their officers
✅ Answer: This section specifies the liabilities and penalties for offenses committed by companies and their officers under the MAHARERA Act. It holds them accountable for any violations or non-compliance with the provisions.
Conciliation in MahaRERA dispute resolution aims to:
✅ Answer: Ensure amicable settlement of disputes
🧠 Test Your RERA Knowledge
10 random questions · See how well you know your rights
❤️ Made with Love & Care
This RERA Q&A guide has been curated with care to help you understand
your rights as a property buyer under the Real Estate (Regulation and
Development) Act, 2016. However, RERA rules, regulations, and
interpretations may change over time. Mumbai Property Exchange does
not guarantee the accuracy or completeness of this information and
accepts no liability for decisions made based on it. For official and
up-to-date information, always refer to the
MahaRERA official website.