Ans. No. As per Section 4(2)(c), a commencement certificate from the competent authority is a mandatory document while filing an application for registration.

Ans. The promoter can continue the construction of the project without registration. However, the promoter has to register the project before he wishes to start any form of advertising, marketing, booking, selling, offering to sell, or inviting people to purchase plots, apartments, or buildings.

Ans. The phase for which the part OC is received does not require registration. The phase for which the construction is ongoing and the part OC is not obtained requires registration.

Ans. As per Section 13(1) A, a promoter shall not accept a sum more than 10% of the cost of the apartment, plot, or building as an advance payment from a person without first entering into a written agreement for sale with such person and registering the said agreement for sale.

Ans. No. Section 13(1) of the Act prohibits the promoter from taking more than 10% of the cost of an apartment without entering into a duly registered written agreement for sale.

Ans. The promoter is required to set up an allottee association or society within 3 months of 51% of allottees booking an apartment in the project.

Ans. MahaRERA protects the interests of all the allottees, so if the promoter needs to make major additions or alterations, such as structural changes, including an addition to area or change in height, the removal of part of a building, or any change in height, removal of part of a building, or any change to structure such as construction or removal or cutting into of any wall, column, beam, joist, floor, or other support, the promoter will require the written consent of at least two-thirds of the allottees who have expressed their intention to acquire units in the building, as mentioned in Section 14 of the Act.

Ans. It is the duty of the promoter, upon receiving the MahaRERA Certificate, to update the project details on the website at least once every 90 days, as mentioned in Section 11 of the Act.

Ans. RERA account, or 70%, means a designated bank account that a promoter must open for each individual project, where 70% of the project funds realized from allottees must be deposited and utilized exclusively for that project. 

Ans. No. There should be only one designated bank account for every registered project or registered phase of a project.

Ans. The amount from the separate account can be withdrawn by the promoter on the basis of the certificates duly certified by a chartered accountant in practice, an engineer, and an architect proportional to the percentage of completion of the project.

Ans. RERA Audit is the annual statement of account report (Form 5). In accordance with Section 4(2)(l)(D), the promoter must have his accounts audited within 6 months of the end of each financial year (i.e., by September 30th of the same year) by a chartered accountant in practice. The statement of accounts shall be duly certified and verified at the time of the audit to ensure that the funds collected for a specific project have been used exclusively for that project.

Ans. Yes, a real estate project can be extended beyond the completion date. The promoter can apply for it under section 6 and under section 7(3) of the RERA act.

Ans. The promoter shall apply for extension of the project beyond one year of the completion date under section 7(3) of the RERA act. The promoter shall require the written consent of the 51% of the allottees who have agreed to take the apartment in such building.