FREQUENny ASf<Eo QUEsr,oNs

A. F.AQs for l\f h

J. General FAQs a a~Rc\ \Vebsite
1 What are the objects and reas

A
· Development)
E Act 2016 has be::sfi for 'IV'bicb tbe Real ..,.
A
s · The Real state ct Is . Intended
. to h"
ral!led;a c.state (Rea-tion
...... 1_ and
n . ac teve the fi ll . .
• ensure accountability towards all O 0 Wing obJectives:
• ottees and
infuse transparency, ensure fa;,.. Protect theu-
· lttt«est;
.
• 1
introduce professionalism and Pan d. P ay and reduce frauds & delays;
• bl 1
esta Is. h symme-.,
t..-., of tnforrnation
. n Ia standardization.'
betw
•
imposmg. . responsibilities on b theen the Promoter an d al!ottee;
certain
•
establish
. regulatory oversight mechan·o Promoter and allottees '·
•
establish fast- track dispute resolutionIsrn
rn toh enforce
. contracts·'
•
promote good governance in the sector ec whanism•
· h •'
confidence. tc tn turn Would create investor
2
_
the Act?
Which areas of Maharashtra are inclnded in the PJa11ning Area as defined in
Ans· In accordance with notifications issued by Urban Devel t
· Government o f Ma h arashtra, MR & TP Act is applicable0 Pmen 0 epartment
to all the distrkts of '•
'
Maharashtra.
in Hence,
Section 2(zh) of the areas of Maharashtra are included in Planning Area a s defined
allAct. , 11 ,'
•,
: /
., I '
,' (. 1,
' ' ,I

a. Does the definition

Authorities of 'Promoter•
and Housing Boards? include public bodies such as Development
. I

Ans, The Act covers all bodies (private and public) which develop real estate Projects for sale
to the general public. Section 2(zk) defines the tenn 'promoter' which includes both
private and public real estate promoters. Thus, both Development Authorities and the
Housing Boards, when involved in sale are covered under the Act.

4. If a real estate project has land area more than 500 aq.mta but containing
leas than 8 apartments. Does it still need to be registered?
Ans. Yes. Every real estate project which has land area more than 500 sq.mts or has more
than 8 apartments needs to be registered

s. If a rea1 estate project has land area less than 500 aq.mta but contains
lllore than 8 apartments. Does it still need to be regiS ered?
t
· thes. Every rea1 estate project which has land area more ·
,In, y an 8 apartments needs to be registered than 500 sq mts or has more

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