MahaRERA Issues Order on Project Registration Eligibility and Real Estate Agent Fee Clause in Agreements for Sale

MahaRERA issued an order clarifying project registration eligibility and the fee clause for real estate agents in agreements for sale. The order mandates that only projects with all requisite approvals can be registered. It also specifies that real estate agents must include their fees in the agreement for sale, ensuring transparency and protecting homebuyers from hidden charges. This move aims to streamline the registration process and enhance accountability among real estate agents. The order is expected to bring more clarity and fairness in real estate transactions, benefiting both developers and homebuyers. MahaRERA emphasized the importance of adhering to these guidelines to avoid penalties and ensure compliance with the Real Estate (Regulation and Development) Act, 2016. The order is part of MahaRERA’s ongoing efforts to regulate the real estate sector effectively and protect the interests of consumers.