International Journal of Engineering Applied Sciences and Technology, 2019 Vol. 4, Issue 3, ISSN No. 2455-2143, Pages 530-532 Published Online July 2019 in IJEAST (http://www.ijeast.com) 530 IMPACT OF MAHA-RERA ACT 2016 ON THE REAL ESTATE INDUSTRY Swapnil Shashikant Shinde Dr. Sumant Kulkarni Student of ME Civil (Construction management) HOD of ME Civil (Construction Management) D.Y Patil Institute of Engineering and Technology, D.Y Patil Institute of Engineering and Technology, Talegaon Ambi Pune Maharashtra India Talegaon Ambi Pune Maharashtra India Abstract— The enactment of Maha-RERA Act 2016 will a able to make a step forward for the sophisticated and transparency in the Real estate market for both seller and buyer. Before establishment of Maha-RERA act there was no centricity for the real and no transparency between the buyer and seller. During the enactment of the Act for the short term Real estate industry was affected by it. All the real estate projects were slow down sales marketing and also the construction work. But there are hopes that further there will be proper market establishment for the real estate industry. Adjudicating appellate tribunal department has fast track process in solving the issues in real estate project, which has given a good response to all the cases in solving the disputes related to it. Many of the terms like carpet area, promote co-promoters, sales of parking etc are point which had lots of confusion in market has been cleared in this Act.. Keywords— Watermarking, Haar Wavelet, DWT, PSNR I. INTRODUCTION For the First time a uniform legislation has been provide by the parliament of India on the subject. Before commencement of this Act, there were different regional/ state laws on the subject. In state of Maharashtra there were two important regulating construction activities popularly known as Ownership Flat scheme and Maharashtra Ownership Flats (Regulation of construction, sale, management and transfer) Act, 1963 and the rules made under, regulated the builder’s promoters as to registration of the project and identities of the builder, firms and partners, as consequences thousands of illegal construction were put up by the scrupulous builder. Thousands of innocent flat purchaser have been cheated and duped by them. This necessitated uniform and effective enactment to control the situation. The RERA has necessitated uniform and effective enactment to control the situation. The RERA has provided for rigorous provision and effective machinery to protect the interest of flat purchaser and also the promoters. II. LITERATURE REVIEW A. Why RERA Matters for lenders, Srishti Ojha and Nagpur T Malde lender about compliance for the real estate developers, Jan 19, 2018. RERA concentrate on the accountability and financial discipline be real estate developers lenders are important stake holders in the real estate sector. This article state that RERA does not creates compliance obligations for the lenders, they need to conscious of RERA related as non compliances by borrowers can create a disaster where the will create loss in the overall financing transaction. Financing documents should be strictly demanded that in case of enforcements of security relating the project, no consent/ buyers is required to notifications by Maha-RERA dated 8 th November 2017. RERA still requires consent of two third of allotees/ buyers for transfer of the rights of promoters and amalgation, demerger or merger in the protect. Under the RERA act the is no statutory right of consent actions and so it is need to specify financing documents. So this article conclude that lender should ensure solid documentation for the benefits from RERA and does not compromise their rights. B. Immediate Impact of RERA on construction Industry, Ar Madhavi Ashok Khadar, Ar Aparna Pangati (IJER) ISSN: 2319-6890 (onlin, 2347-5013 Vol No. 7, 11-12 Jan 2018 issue special 1 pp.: 71-74 This article states prior RERA, there was no clarity on carpet area, was sort of monopoly of builders regarding loading, rates, modes of payment. There were frauds, no clear picture of project, possessionon, sanctions. An attempt has been made to find out impact of this act on the builders and customer. The scope of study was limited to Pune area region. Concluded that Maha-RERA act 2016 is accepted by seller and buyer very easily and in future it is expected that there will be a positive impact if Act becomes more intact. C. Indian Real Estate: Rewind 2017, knight Frank Dated: October 30, 2018 This article states the effects of all major effect on Real estate industry which were RERA act, Demonetization and then GST. It totally dried the Real Estate industry. Home sales went to slow down even in festive season. Season failed to bring out any change. Next 13to 18 months are likely under