# Maharashtra RERA Law & Practice book by Ramesh S. Prabhu,Vinay Thyagaraj

This book provides an exhaustive analysis of the Real Estate (Regulation and Development) Act (RERA), 2016, discussing its multifaceted impact on the real estate sector. It thoroughly examines RERA's legal, professional, and practical dimensions and associated regulations, catering to various stakeholders. Organised into multiple sections, each part of the book focuses on distinct elements and viewpoints relevant to real estate regulation, ensuring a comprehensive understanding.

This book incorporates the perspectives of the following stakeholders:

General Section (Applicable to All Stakeholders)  
Promoters  
Real Estate Agents  
Allottees and Association of Allottees  
Professional Perspective including CAs, Advocates, Engineers, Architects  
The Present Publication is the 2nd Edition, authored by the study group of industry experts & representatives from all stakeholders. It is edited by CA. Ramesh S. Prabhu & co-edited by CA. Vinay Thyagaraj, with the following noteworthy features:

\[Content and Structure of the Manual\] The manual covers various practice areas like registration, certification, and litigation, catering to different stakeholders. It includes legal provisions, SOPs, FAQs, and judicial rulings  
\[Inclusion of Peripheral Subjects\] Beyond RERA provisions, the manual also addresses related areas like  
Income Tax  
GST  
Stamp Duty  
Registration  
Insolvency and Bankruptcy  
Other Relevant Laws  
\[Practice Manual for Practitioners and Professionals\] The manual serves as a guide for new entrants and a reference for seasoned real estate practitioners, covering legal aspects and including various formats and drafts  
\[Limitations and Challenges\] The manual acknowledges the limitations in applying a uniform approach to practice and non-practice-oriented topics, aiming to elevate the standards of beginners and intermediate practitioners  
\[Professional Application and Compliance\] It emphasises the need for Chartered Accountants and professionals to apply their knowledge creatively while adhering to RERA's objectives and client needs  
\[Dynamic Nature of RERA and Legal Changes\] The manual incorporates the evolving nature of RERA, legal pronouncements, and building regulations  
The detailed contents of the book are as follows:

General – Applicable to all Stakeholders  
Overview of RERA, 2016  
Journey & Implementation of RERA & Important Circulars of MahaRERA from Inception till December 2023  
Objective and Purpose of RERA  
Real Estate Sector Deficiencies Addressed by RERA  
The Authorities to Implement the Act  
Powers and Functions of the Real Estate Regulatory Authority  
Powers and Functions of Adjudicating Officers  
Central Advisory Council – Establishment and Functions  
Real Estate Appellate Tribunal and its Functions and Powers  
Promoter – From the Promoters Perspective  
Promoter under RERA  
Functions and Duties of Promoter  
Registration of Real Estate Project – Legal Framework  
Documents Required and the Process of Registration  
Operation of RERA Designated Bank Account  
Financial Planning for Real Estate Projects  
Quarterly Progress Report (QPR) to be done by the Promoters  
Procedure to Extend the Period of the Registration  
Procedure for Amendment or Modification in the Sanctioned Plans  
Transfer of Real Estate Project to Third Party  
The Transfer of Title  
Force Majeure and COVID Impact on Real Estate Sector  
Advertising and Marketing Post RERA  
Importance of End Date/Completion Date and Date of Possession under RERA  
Change in Process and Procedure of Real Estate Business post-RERA  
Car Parking Space and MahaRERA Circular  
RERA Compliance Report by Chartered Accountant  
De-Registration of the Project  
Gradation of Real Estate Projects  
Agent – From the Real Estate Agent Perspective  
Registration of Estate Agents Legal Framework  
Process to Obtain Registration for Real Estate Agent  
Functions of Real Estate Agent  
Impact of RERA on Estate Agents  
Changing Business Landscape for REALTORS Post RERA  
Training and Certification for Real Estate Agents  
Self Regulatory Organisation for Real Estate Agents.  
Anti-Money-laundering, Countering the Financing of Terrorism and Combating Proliferation Financing Guidelines for Real Estate Agents, 2023  
Allottees – From the Allottees and the Association of Allottees Perspective  
Revocation of Registration of the Project  
Stalled Real Estate Projects and Revival  
Alternative Investment Fund for Real Estate, including SWAMIH Funds  
Rights and Duties of Allottees  
Association of Allottees  
Remedies for Conveyance and Deemed Conveyance  
Allottee Due Diligence Before Purchasing Property  
Professional – From a Professional Perspective for CAs, Advocates, Engineers, Architects  
Title Certificate  
Allotment Letter, Agreement for Sale and Sale Deed  
Role and Responsibilities of Architect under RERA  
The Roles & Responsibilities of a Civil Engineer and Issue of FORM 2 under RERA  
Quality Assurance and Defect Liability under RERA  
Certificate in Form 3 By Chartered Accountant  
Audit by Chartered Accountant under MahaRERA (Form No. 5)  
Guidance Note on Accounting for Real Estate Transactions (Revised 2012) and Revenue from Contracts with Customers (Ind AS-115)  
Key Audit Challenges – Real Estate Sector  
Real Estate Collaborations & Significance of Corporate Due Diligence  
Redressal – Redressal System: Complaint, Appeal, Second Appeal, Conciliation  
Source (Complaints Against Unregistered Projects for Registration)  
Complaint Filing and its Procedure  
Process of an Inquiry by the Authority or Adjudication Officer  
Appeals under RERA  
Second Appeal before the High Court  
Execution of orders of MahaRERA and Adjudicating Officer  
Execution of a Decree under the Code of Civil Procedure, 1908  
Complaints by the Association of Allottees  
Offences and Penalties  
MahaRERA Conciliation and Dispute Resolution Forum  
MahaRERA Conciliation Forum Role Model of ADR in the Real Estate Sector  
Establishing of a Home Buyer/Allottee Grievance Redressal Cell  
Income Tax, GST – Taxation: Income Tax, GST, Stamp Duty and Registration  
Income tax Applicable on Real Estate Transactions  
Overview of GST Implications for the Real Estate Sector  
Stamp Duty and Registration  
Allied Laws – Other Allied Laws like MRTP, DCPR, IBC, Consumer Protection, etc.  
Real Estate Laws of India  
Salient Features of Maharashtra Ownership Flats Act, 1963 ('MOFA')  
Comparison between MOFA and RERA  
Overview of Maharashtra Apartment Ownership Act, 1970  
Development Control Regulations and MahaRERA  
Consumer Protection and RERA – Best Recourse to Allottees  
Draft Format/Specimen of Consumer Complaint  
Landmark Judgments of the Consumer Courts  
Insolvency Resolution Process in Real Estate  
Interplay of PMLA, Benami, FEMA with RERA  
Miscellaneous – Topics Related to Real Estate Rulings & Redevelopment  
Constitutional Validity of RERA  
Analysis of Judgments  
Redevelopment and RERA

## Details

- **Price:** 2237.0 INR
- **Vendor:** Taxmann
- **Tags:** Professional Books

## Variants

| Variant | Price | Available |
|---------|-------|-----------|
| Default Title | 2237.00 INR | In stock |

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> Updated: 2026-10-25
