Promoters are advised to ensure that their project information is always up to date as per Section 11 of the Real Estate (Regulation and Development) Act, 2016.
Failure to make quarterly project update will violate Section 11 of the Real Estate (Regulation and Development) Act, 2016 and would make the concerned promoter liable for penal action.
How to update Project details
Login to Promoter’s account and make payment of update fees. After payment is successful, fields of the project will be enabled for update.
The details of fields which shall be editable by the promoters themselves and those that can be requested to MahaRERA for revision/correction, are detailed in Annexure A under MahaRERA circular no. 08/2017.
Updates are generally required in the following sections
- Project Cost (Actual Total Amount)
- Document Upload (Documents, Certificates, Details of encumbrances etc.)
- Building Details (Number of apartments Booked/Sold/Allotted)
- Task/Activity (Percentage of Work)
- Common Areas and Facilities (Units Booked, Work Completion Percentage)
- Project Professional Details (Real Estate Agent etc.)
- Promoter (Landowner)/Investor Details
- Building-wise Completion Date: -
Update the building-wise completion date (This date cannot be beyond the Revised Proposed date of Completion) in the Add building tab under Project details.
click here to update the project