{"id":4142,"date":"2025-09-18T07:37:08","date_gmt":"2025-09-18T07:37:08","guid":{"rendered":"https:\/\/www.dearsociety.in\/post\/?p=4142"},"modified":"2025-09-18T07:37:58","modified_gmt":"2025-09-18T07:37:58","slug":"co-promoter-rules-explained-maharera-circular-no-32-2017","status":"publish","type":"post","link":"https:\/\/www.dearsociety.in\/post\/2025\/09\/18\/co-promoter-rules-explained-maharera-circular-no-32-2017\/","title":{"rendered":"Co-Promoter Rules Explained: MahaRERA Circular No. 32\/2017"},"content":{"rendered":"<p data-start=\"190\" data-end=\"662\">\u00a0Real estate deals often involve multiple parties, but <strong data-start=\"244\" data-end=\"304\"><em data-start=\"246\" data-end=\"302\">MahaRERA has brought clarity to the term \u201cCo-Promoter\u201d<\/em><\/strong> through Circular No. 32\/2017, issued on May 11, 2017. This regulation ensures <strong data-start=\"383\" data-end=\"428\"><em data-start=\"385\" data-end=\"426\">greater transparency and accountability<\/em><\/strong> in real estate projects by defining who a Co-Promoter is and what responsibilities they carry. Whether you are a homebuyer, a landowner, or an investor, this circular is essential for understanding how your interests are protected.<\/p>\n<h2 data-start=\"669\" data-end=\"699\"><strong data-start=\"672\" data-end=\"697\">\u00a0<\/strong><strong data-start=\"672\" data-end=\"697\">Who is a Co-Promoter?<\/strong><\/h2>\n<p data-start=\"700\" data-end=\"1192\">According to MahaRERA, a <strong data-start=\"725\" data-end=\"808\"><em data-start=\"727\" data-end=\"806\">Co-Promoter is any person who shares flats or profits with the main developer<\/em><\/strong> under a formal agreement. For example, if a landowner gives their land to a developer in exchange for <strong data-start=\"911\" data-end=\"955\"><em data-start=\"913\" data-end=\"953\">a percentage of flats or sales revenue<\/em><\/strong>, they become a Co-Promoter. Similarly, an investor who contributes funds and receives a share of the built area or profits also falls under this category. This definition eliminates ambiguity and holds all parties equally accountable.<\/p>\n<p><iframe loading=\"lazy\" title=\"\u092e\u0939\u093e\u0930\u0947\u0930\u093e \u0938\u0926\u0928\u093f\u0915\u0947\u091a\u094d\u092f\u093e \u0915\u093e\u0930\u094d\u092a\u0947\u091f \u0915\u094d\u0937\u0947\u0924\u094d\u0930\u093e\u091a\u0940 \u0917\u0923\u0928\u093e \u0915\u0936\u0940 \u0915\u0930\u093e\u0935\u0940 #werunsocieties\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/3JMPktv2eec?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2 data-start=\"1199\" data-end=\"1244\"><strong data-start=\"1202\" data-end=\"1242\">Key Financial Rules for Co-Promoters<\/strong><\/h2>\n<p data-start=\"1245\" data-end=\"1641\">One of the most crucial rules of this circular is that <strong data-start=\"1300\" data-end=\"1386\"><em data-start=\"1302\" data-end=\"1384\">Co-Promoters cannot use funds from the main project bank account for their share<\/em><\/strong>. Instead, they are required to open <strong data-start=\"1423\" data-end=\"1514\"><em data-start=\"1425\" data-end=\"1512\">a separate bank account where 70% of all proceeds from their flat sales are deposited<\/em><\/strong>. This regulation ensures that buyers\u2019 money is used for construction and project completion, rather than diverted elsewhere.<\/p>\n<h2 data-start=\"1648\" data-end=\"1695\"><strong data-start=\"1651\" data-end=\"1693\">Mandatory Agreements and Documentation<\/strong><\/h2>\n<p data-start=\"1696\" data-end=\"2140\">To make transactions completely transparent, <strong data-start=\"1741\" data-end=\"1820\"><em data-start=\"1743\" data-end=\"1818\">Co-Promoters must sign a clear, written agreement with the main developer<\/em><\/strong>. This agreement must be <strong data-start=\"1845\" data-end=\"1882\"><em data-start=\"1847\" data-end=\"1880\">uploaded to the MahaRERA portal<\/em><\/strong> when the project is registered. In addition, Co-Promoters must submit a <strong data-start=\"1955\" data-end=\"1979\"><em data-start=\"1957\" data-end=\"1977\">Form B declaration<\/em><\/strong>, confirming they will adhere to MahaRERA\u2019s guidelines. These measures safeguard homebuyers by making every party\u2019s role and obligations public and verifiable.<\/p>\n<p><iframe loading=\"lazy\" title=\"\u092e\u0939\u093e\u0930\u0947\u0930\u093e \u0911\u0928\u0932\u093e\u0908\u0928 \u0924\u0915\u094d\u0930\u093e\u0930 \u0938\u0941\u0928\u093e\u0935\u0923\u0940\u0926\u0930\u092e\u094d\u092f\u093e\u0928 \u0915\u093e\u092f \u0936\u093f\u0937\u094d\u091f\u093e\u091a\u093e\u0930 \u092a\u093e\u0933\u093e\u092f\u091a\u0947 #werunsocieties\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/fDlxbtgozUs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2 data-start=\"2147\" data-end=\"2177\"><strong data-start=\"2150\" data-end=\"2175\">Why This Rule Matters<\/strong><\/h2>\n<p data-start=\"2178\" data-end=\"2574\">MahaRERA introduced this circular to ensure that <strong data-start=\"2227\" data-end=\"2278\"><em data-start=\"2229\" data-end=\"2276\">real estate deals remain fair and trustworthy<\/em><\/strong>. By defining Co-Promoters and their responsibilities, <strong data-start=\"2333\" data-end=\"2361\"><em data-start=\"2335\" data-end=\"2359\">buyers gain confidence<\/em><\/strong> that their funds are being used appropriately and that all parties are held accountable. It also prevents disputes between developers, landowners, and investors by making their agreements formal and accessible.<\/p>\n<h2 data-start=\"2581\" data-end=\"2623\"><strong data-start=\"2584\" data-end=\"2621\">Transparency and Buyer Protection<\/strong><\/h2>\n<p data-start=\"2624\" data-end=\"2975\">This circular, implemented under Regulation 38 on May 11, 2017, emphasizes <strong data-start=\"2699\" data-end=\"2745\"><em data-start=\"2701\" data-end=\"2743\">transparency and fairness in real estate<\/em><\/strong>. Buyers can now confidently purchase properties, knowing that MahaRERA oversees every stakeholder\u2019s financial practices. With this rule, <strong data-start=\"2883\" data-end=\"2939\"><em data-start=\"2885\" data-end=\"2937\">funds remain secure, and projects stay on schedule<\/em><\/strong>, reducing risks for all involved.<\/p>\n<p><iframe loading=\"lazy\" title=\"Retirement Homes Project Don&#039;t Ignore this Important Information #werunsocieties\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/Dfw3N1dY-S0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2 data-start=\"2982\" data-end=\"3023\"><strong data-start=\"2985\" data-end=\"3021\">Quick Recap of Co-Promoter Rules<\/strong><\/h2>\n<p data-start=\"3024\" data-end=\"3039\">To summarize:<\/p>\n<ul data-start=\"3040\" data-end=\"3416\">\n<li data-start=\"3040\" data-end=\"3132\">\n<p data-start=\"3042\" data-end=\"3132\"><strong data-start=\"3042\" data-end=\"3130\"><em data-start=\"3044\" data-end=\"3128\">Co-Promoters are landowners or investors sharing flats or profits with developers.<\/em><\/strong><\/p>\n<\/li>\n<li data-start=\"3133\" data-end=\"3208\">\n<p data-start=\"3135\" data-end=\"3208\"><strong data-start=\"3135\" data-end=\"3206\"><em data-start=\"3137\" data-end=\"3204\">They must open a separate bank account for 70% of sales proceeds.<\/em><\/strong><\/p>\n<\/li>\n<li data-start=\"3209\" data-end=\"3275\">\n<p data-start=\"3211\" data-end=\"3275\"><strong data-start=\"3211\" data-end=\"3273\"><em data-start=\"3213\" data-end=\"3271\">All agreements must be registered on MahaRERA\u2019s website.<\/em><\/strong><\/p>\n<\/li>\n<li data-start=\"3276\" data-end=\"3337\">\n<p data-start=\"3278\" data-end=\"3337\"><strong data-start=\"3278\" data-end=\"3335\"><em data-start=\"3280\" data-end=\"3333\">A Form B declaration is mandatory for Co-Promoters.<\/em><\/strong><\/p>\n<\/li>\n<li data-start=\"3338\" data-end=\"3416\">\n<p data-start=\"3340\" data-end=\"3416\"><strong data-start=\"3340\" data-end=\"3414\"><em data-start=\"3342\" data-end=\"3412\">These measures safeguard buyers and ensure fair play in real estate.<\/em><\/strong><\/p>\n<\/li>\n<\/ul>\n<p><iframe loading=\"lazy\" title=\"Retirement Homes Project Don&#039;t Ignore this Important Information #werunsocieties\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/Dfw3N1dY-S0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2 data-start=\"3423\" data-end=\"3442\"><strong data-start=\"3426\" data-end=\"3440\">Conclusion<\/strong><\/h2>\n<p data-start=\"3443\" data-end=\"3878\">MahaRERA\u2019s Circular No. 32\/2017 is a <strong data-start=\"3480\" data-end=\"3524\"><em data-start=\"3482\" data-end=\"3522\">game-changer in real estate regulation<\/em><\/strong>, promoting transparency and accountability. By clearly defining Co-Promoters, requiring formal agreements, and mandating strict financial compliance, MahaRERA has created a safer environment for buyers, developers, and investors alike. If you are involved in real estate, <strong data-start=\"3797\" data-end=\"3875\"><em data-start=\"3799\" data-end=\"3873\">understanding this rule is essential for a secure and smooth transaction<\/em><\/strong>.<\/p>\n<p>Also Watch : \u00a0\u00a0 \u00a0<a href=\"https:\/\/youtu.be\/M2yCqcJOMSI\" target=\"_blank\" rel=\"noopener\">https:\/\/youtu.be\/M2yCqcJOMSI<\/a><\/p>\n<p>1)Facebook &#8211; <a href=\"https:\/\/www.facebook.com\/share\/p\/16diZHPK2A\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.facebook.com\/share\/p\/16diZHPK2A\/<\/a><\/p>\n<p>2) Facebook &#8211; <a href=\"https:\/\/www.facebook.com\/share\/p\/16diZHPK2A\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.facebook.com\/share\/p\/16diZHPK2A\/<\/a><\/p>\n<p>3) LinkedIn &#8211; <a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7348613367135121408\" target=\"_blank\" rel=\"noopener\">https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7348613367135121408<\/a><\/p>\n<p>4) Website &#8211;\u00a0<a href=\"https:\/\/www.dearsociety.in\/post\/2025\/07\/09\/understanding-the-quality-\"> https:\/\/www.dearsociety.in\/post\/2025\/07\/09\/understanding-the-quality-<\/a><a href=\"https:\/\/www.facebook.com\/share\/p\/16diZHPK2A\/\" target=\"_blank\" rel=\"noopener\">assurance-certificate-under-maharera\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Real estate deals often involve multiple parties, but MahaRERA has brought clarity to the term \u201cCo-Promoter\u201d through Circular No. 32\/2017, issued on May 11, 2017. This regulation ensures greater transparency and accountability in real estate projects by defining who a Co-Promoter is and what responsibilities they carry. Whether you are a homebuyer, a landowner, or [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":4147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[37,1],"tags":[417],"class_list":["post-4142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maharera","category-uncategorized","tag-3werunsocieties-copromoter-realestatemaharashtra-housingsociety-propertyinvestment-homebuyers-flatpurchase-realestateregulation-safeinvestments-propertylaw"],"_links":{"self":[{"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/posts\/4142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/comments?post=4142"}],"version-history":[{"count":4,"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/posts\/4142\/revisions"}],"predecessor-version":[{"id":4146,"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/posts\/4142\/revisions\/4146"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/media\/4147"}],"wp:attachment":[{"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/media?parent=4142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/categories?post=4142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dearsociety.in\/post\/wp-json\/wp\/v2\/tags?post=4142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}