In a major step towards enhancing transparency and empowering homebuyers, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has decided to include comprehensive project details in the registration certificates issued to new housing projects. With this, the new certificates will offer essential project information in a simple, bullet-point format for easy reading and better understanding.
Until now, the MahaRERA registration certificate only carried basic details such as the project’s and promoter’s name and address in a single-line format. However, with this new decision, the certificate and its annexure will now reflect crucial project specifics, including the total built-up area, the name and number of buildings and wings, the total number of habitable floors, residential and non-residential units, construction approvals, and available parking for four-wheelers, two-wheelers, and visitors.
The decision, which comes into effect immediately, aims to make preliminary information easily accessible for potential homebuyers. In case of any amendments to the project—such as an extension of completion timelines, corrections, or a transfer of the project to another developer—the revised certificate will also reflect the updated information.
MahaRERA Chairman Shri Manoj Saunik emphasised the importance of protecting homebuyers’ rights, noting that most buyers invest their lifetime savings into purchasing a home. “To ensure this investment remains safe and secure, MahaRERA is committed to legally empowering the homebuyer. The new registration certificate is a major step forward in providing clear, verified, and detailed project information upfront,” he said.
He added that these certificates will help guide buyers in making informed decisions by allowing them to verify legal, financial, and technical project details before entering any transaction. “As part of our commitment, we have already introduced measures such as a Standardised Agreement for Sale, standardised allotment letters, and mandatory disclosure of parking slot dimensions and amenities with delivery timelines. These have set new benchmarks in real estate regulation, and many other States have adopted these practices,” he explained.
Further, MahaRERA has already made it compulsory to display these certificates at the project site and on the project’s website. When users search for a project on the MahaRERA website using the registration number, a link to the certificate will now appear on the first page. Advertisements must also carry a QR code that links directly to key project information for easy access.
This forward-looking move is expected to significantly benefit homebuyers by improving transparency, boosting confidence, and making real estate dealings more accountable and secure.