Before buying an under-construction flat in Maharashtra, check the MahaRERA registration and completion date, the commencement certificate and sanctioned plans, the latest dated progress filing, the cost sheet, the payment schedule and the agreement's delay and cancellation clauses.
The checklist
| # | Check | Where |
|---|---|---|
| 1 | MahaRERA registration and promoter name | MahaRERA portal |
| 2 | Proposed completion date | MahaRERA record |
| 3 | Commencement certificate | MahaRERA uploads |
| 4 | Sanctioned building plans | MahaRERA uploads |
| 5 | Latest dated progress certificate | MahaRERA quarterly filings |
| 6 | Complaints and litigation | MahaRERA record |
| 7 | Title report summary | MahaRERA uploads or promoter |
| 8 | Carpet area of your unit | Allotment letter and plan |
| 9 | All-in cost sheet | Sales team, in writing |
| 10 | Construction-linked payment schedule | Cost sheet |
| 11 | Advance of no more than 10% before agreement | RERA rule |
| 12 | Delay and cancellation clauses | Draft agreement |
| 13 | Approved banks | Sales team |
| 14 | Flood line, high-tension lines and nearby utilities on the approved layout | Approved layout |
| 15 | Agent registration | MahaRERA portal |
If something does not match
Ask for the clarification in writing before paying. A gap between marketing material and the MahaRERA record is a reason to pause, not to rush.
Frequently asked questions
How much can a builder take before the agreement?
Under RERA, no more than 10% of the price before a registered agreement for sale.
What if my under-construction flat is delayed?
Under section 18 of RERA, claim interest for each month of delay or withdraw with a refund and interest.