The Real Estate (Regulation and Development) Act, 2016 is administered in Maharashtra by MahaRERA. Real estate projects where the land area exceeds 500 square metres or the number of apartments exceeds eight must be registered before they are advertised or sold.
Promoters must keep 70% of the amounts collected from buyers in a separate bank account and use it only for the project. Withdrawals are certified by an engineer, an architect and a Chartered Accountant. Real estate agents must also register with MahaRERA before facilitating sales.
Key points
- Project registration before advertising or selling
- 70% of collections in a separate project account
- Withdrawals supported by certificates from professionals
- Quarterly updates on the MahaRERA website
- This guide is general information only
General information. This topic is explained for general knowledge only. It is not a description of services offered by the firm.
General information only, not professional advice. Section references are to the Income-tax Act, 1961; corresponding provisions of the Income-tax Act, 2025 apply from 1 April 2026. Thresholds and dates may change by notification.
