Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs SUPPORT
Loans For You
Loans for Business
Investment
Insurance
Apply
Quick Links for loans
Quick Links for Insurance
Investment
Offers Quick Pay
Back

Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure
Know More
Back

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required
Know More
Menu  
 
Apply Now

Tata Capital > Blog > Loan for Home > How to Check RERA Registered Projects in Mumbai

Loan for Home

How to Check RERA Registered Projects in Mumbai

How to Check RERA Registered Projects in Mumbai

The Real Estate Regulation Act (RERA) was passed in 2016 by the Indian government. The Act established RERA to protect homebuyers’ interest, focusing on cultivating a greater level of transparency in the real estate industry. If you are looking to buy a property in Mumbai, do consider RERA registered ones.

Read this article for insights into RERA and how to check RERA registration. We answer how RERA brings a positive change and how to check RERA registered projects in Mumbai.

Why RERA registered projects are recommended

RERA rules ensure more accountability on the part of property sellers to protect the interest of homebuyers. Here’s how-

● Reduced project delays

As per RERA rules, builders are required to disclose every detail to homebuyers. The details regarding their projects have to be updated regularly. This ensures fewer project delays and checks unethical selling. If there’s any delay, the builder is liable to pay 2% interest over SBI’s MCLR for the period of delay.

● Justified payments

Builders of RERA registered projects can only price the property based on carpet area or built-up area. The rules refrain them from charging for super-built areas like lifts, stairs, lobbies, etc. The developers are also prohibited from taking more than 10% as advance payment.

● Accountability after handover

The developers are liable to rectify defects arising within 5 years. If at the time of possession, there is any discordance with your title deed, you can ask for compensation. The developers are also required to resolve disputes within 120 days of filing.  

Additional Read: Top Things Everyone Must Know About RERA Act of Maharashtra

How to check RERA registered projects in Mumbai

In a city like Mumbai, it’s best to be a cautious buyer. Check out these easy steps for your online RERA project search:

Step#1 – To search for RERA registered projects in Mumbai, log on to MahaRERA website - https://maharera.mahaonline.gov.in/

Step#2 - Now, go to the ‘Registration’ tab and click on ‘Registered Projects’. A new link will open and you will see the option to fill Project name and Promoter’s name.

Step#3 - You will see an option of ‘Advanced Search’ at the bottom of the page opened in the step above. On selecting this, you can enter the district, pin code and other details of the area in Mumbai, where you are searching the project. On entering these details and clicking on the ‘search’ option below, you will get a list of RERA registered projects in your area.

Additional Read: Difference between a RERA registered builder and others

So are you looking to buy your dream house? Buying a house with a RERA registered project will ensure you are making a safe investment decision. And we are eager to fund your safe investment. Tata Capital is India’s most trustworthy source for a home loan. We understand that real estate, especially in Mumbai, doesn’t come cheap. So, we lessen your burden by providing home loans interest rates starting just at 8.50%. For a smooth, transparent and hassle-free home loan in Mumbai, Tata Capital is just the companion for you.

Apply Now
Disclaimer

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Viewed Blogs

Trending Blogs

Calculator

Personal Loan EMI Calculator

Personal Loan EMI Calculator
Home Loan EMI Calculator

Home Loan EMI Calculator
Business Loan EMI Calculator

Business Loan EMI Calculator
Used Car Loan EMI Calculator

Used Car Loan EMI Calculator
Two Wheeler Loan EMI Calculator

Two Wheeler Loan EMI Calculator
Loan Against Securities Calculator

Loan Against Securities Calculator
Loan Against Property Calculator

Loan Against Property Calculator
More Tools
Our Subsidiaries
Our Other Websites

Important Information

Investor Information

Visit us on:,Visit us on: www.tatacapitalmoneyfy.com,www.tatacapitalmoneyfy.com

Our Private Equity Funds

Amalgamated Companies

Top Branches

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Policies, Codes & Other Documents

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Tata Capital Solutions & Services

Uh oh, something went wrong

Please try again later.