The Real Estate (Regulation and Development) Act, 2016 — commonly known as RERA — was a landmark reform that brought transparency and accountability to Indian real estate. While most coverage focuses on residential buyers, RERA applies equally to commercial property transactions. Here's what every commercial investor must understand.
Does RERA Apply to Commercial Properties?
Yes. Under Section 3 of the RERA Act, all real estate projects exceeding 500 sqm or 8 units must register with the state RERA authority — regardless of whether they are residential, commercial, or mixed-use. In Maharashtra, this falls under MahaRERA (Maharashtra Real Estate Regulatory Authority).
How to Verify RERA Registration (MahaRERA)
Every RERA-registered project has a unique MahaRERA registration number. Before investing, visit maharera.maharashtra.gov.in and search using the project name, promoter name, or registration number. The portal provides project details, approved plans, completion timeline, financial statements, and any complaints filed.
What RERA Guarantees for Commercial Buyers
Carpet area disclosure (no ambiguity on usable area), delivery timeline commitment (with penalties for delays), structural defect warranty (5 years), 70% of collections deposited in escrow, no advertisement without RERA registration, and a formal grievance redressal mechanism.
Red Flags to Watch For
Projects without RERA registration, discrepancies between brochure and RERA-approved plans, builders demanding 100% payment before registration, modification of carpet area after booking, and delays without formal communication. If a builder isn't RERA-compliant, do not invest — regardless of how attractive the deal appears.
How Aurevon Realty Ensures RERA Compliance
At Aurevon Realty, every property we list undergoes RERA verification. We cross-check registration numbers, approved plans, builder track records, and financial health before recommending any project to our clients. This is non-negotiable — your investment safety comes first.
