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Overview
As per the new regulations issued by the Maharashtra Real Estate Regulatory Authority (MahaRERA), all real estate agents must submit MahaRERA agent filing returns starting from the 2023-24 financial year. This filing is crucial for ensuring MahaRERA agent filing compliance, maintaining transparency in property transactions (sales of plots, apartments, flats, etc.), and ensuring compliance with RERA regulations.
Why File the MahaRERA Agent Half-Yearly Return?
The MahaRERA agent half-yearly return filing is an essential process to ensure transparency in property transactions. Real estate agents must provide reports on their transactions, whether actual sales took place or not. Compliance with this filing is mandatory, even if there were no transactions during the reporting period.
Key Filing Periods for MahaRERA Agent Filing
Real estate agents need to submit their MahaRERA agent filing returns for the following periods :
April 2023 to September 2023 – Due Date: October 20, 2023
October 2023 to March 2024 – Due Date: April 20, 2024
It's crucial to file within these dates to ensure MahaRERA agent filing compliance and avoid penalties.
Who Must File the MahaRERA Half-Yearly Return?
All RERA-registered real estate agents who were registered before March 31, 2023, must submit their MahaRERA agent return filing, even if no transactions took place during the reporting period. Additionally, if your annual turnover exceeds ₹20 lakh, you must provide detailed information about your agency, such as :
Primary office address
Details of agency directors
Important : Filing is mandatory for agents, even with nil transactions.
What Does the MahaRERA Agent Filing Include?
As per Circular No. 43/2023, the MahaRERA agent return filing consists of the following sections :
Table A : For agents acting on behalf of promoters (as per Section 4(2)(j) of the Real Estate Act).
Table B : Contains details of properties (plots, apartments, etc.) sold or booked during the reporting period.
Table C : For agents with an annual turnover exceeding ₹20 lakh. Includes:
Primary office address
Details of agency directors
Each section is vital for MahaRERA agent filing and maintaining MahaRERA compliance.
