Real Estate Sales

Homebuying Decision-Making Process Made Easier by MahaRERA’s Grading System

The Maharashtra Real Estate Regulatory Authority (MahaRERA) was established in 2017 under the Real Estate (Regulation and Development) Act to bring accountability, transparency, and efficiency to the real estate sector. For years, homebuyers struggled with delayed possessions, poor construction quality, and asymmetric information when evaluating projects.

To protect consumer interests, especially the first-time home buying, RERA mandated that all projects be registered with the regulator. MahaRERA went a step further by implementing a grading system for registered projects to enable better decision-making. Over time, MahaRERA has emerged as a pivotal force in disciplining developers and earning homebuyers’ trust.

In this blog, BeyondWalls being a leading real estate marketing agency, explores MahaRERA’s grading system, its mechanism, and its far-reaching impact on homebuyers as well as developers. The grading system has undergone a structural shift towards increased transparency by standardizing how projects are evaluated based on parameters like financial health, construction progress, promoter track record, and legal compliance. Let’s analyze the grading framework in detail.

How Does the MahaRERA’s Grading System Work?

The system involves a team of independent experts conducting site visits, reviewing project documentation, and interviewing the promoters and project contractors.

  • Phase I – Information Disclosure

    The developer must provide comprehensive project details to MahaRERA, including the project’s budget, legal adherence, and construction status, all of which will be made accessible to the public via MahaRERA’s website.

    1. Project Details: This includes the name of the project, its location, the developer, and other relevant information.

    2. Technical Details: This consists of the approval status, including the commencement certificate, adherence to promoters’ quarterly and annual requirements, booking rates, and more.

    3. Financial Health: This includes the project’s financial viability, the promoter’s track record, and the project’s funding.

    4. Legal Compliance: It includes the project’s compliance with all applicable laws and regulations.

    5. Construction Progress: This involves the project’s progress on construction, the quality of construction, and the adherence to timelines.

    6. Amenities: This consists of the quality and availability of amenities in the project, such as parking, security, and common areas.

    7. Promoter’s Track Record: This includes the details regarding the promoter’s history of completing projects on time and within budget.

  • Phase II – Project Grading

    In this phase, MahaRERA evaluates the project by considering the information provided by the promoter. The evaluation is done using a scoring system where specific factors are assigned varying levels of importance. Once the evaluation process is complete, the project is assigned a grade.

MahaRERA Grading System Benefits for Homebuyers

MahaRERA grading system offers multifaceted benefits for homebuyers in terms of simplified decision-making, increased transparency, benchmarking projects, deterring risks, and building trust.

  1. Simplified Decision Making

    The most significant benefit is the simplicity of a single grade encapsulating multiple aspects instead of having to analyse complex quantitative and qualitative factors. Homebuyers can use the grade as the primary filter before evaluating other specifics.

  2. Increased Transparency

    The transparency into the metrics and methodology behind grade calculations allows homebuyers to trust the grading. Since these grades are third-party assessments by an independent regulator, homebuyers can rely on them as unbiased indicators of project execution capability and quality.

  3. Benchmarking

    MahaRERA project grading enables standardized benchmarking for comparing projects. Homebuyers can compare competing projects based on the MahaRERA grade to gauge relative standing.

  4. Deterring Risks

    The lower grades for projects with higher risks again simplify decision-making for buyers when evaluating downside risks. Rather than assessing risks themselves, buyers can directly use the grade as a risk proxy.

  5. Building Trust

    By providing a regulator-backed, standardized framework for consumers to evaluate opportunities, the grading system helps build overall trust and confidence in the whole home buying process.

MahaRERA Grading System Impact on Developers

MahaRERA grading system has had a marked impact on developer practices as well. High grades can improve real estate sales velocity and collections for projects as buyers perceive lower risks. On the other hand, low grades can act as red flags. This builds tremendous focus across the industry on parameters like execution capability, construction quality, timely delivery, and regulatory compliance, which determine the scores.

  1. Improving Construction Quality

    To score well on the quality of construction and craftsmanship, developers are prioritizing external audits, best practices, and customer feedback in the development process.

  2. Meeting Delivery Timelines

    The grading considers past track record of adherence to timeline commitments. This builds tremendous focus on project planning, work sequencing, and resource allocation to avoid delays.

  3. Financial Planning

    Developers are shoring up project funding buffers and improving contingency planning to prevent cost overruns that could reflect poorly in the financial soundness parameter.

  4. Increasing Regulatory Compliance

    To score well on legal compliance during evaluations, developers are proactively adhering to regulatory needs around disclosures, occupancy certificates, and periodic progress reporting.

  5. Differentiation

    The grading provides better-managed developers the ability to differentiate themselves and accrue benefits linked to higher sales velocity and customer confidence. This catalyses a virtuous cycle.

    In summary, grading nurtures structural improvements across project planning, financial, legal, and execution parameters to uplift industry standards.

Challenges and Adaptations

Despite the regulations, some industry participants have also aired concerns that the grading methodology does not adequately factor in prevailing market conditions, liquidity scenarios, and changes in macro policies – all of which have impacted projects significantly over the last few years.

There are also calls to review the relative weightage given to different parameters in the grade calculation formula. As the grading ecosystem evolves, these aspects are being examined to ensure fairness as well as the effectiveness of the system. But despite limitations in this first version, the regulatory intent and direction are clearly oriented towards consumer interest.

In Conclusion

MahaRERA’s grading system has been a pivotal structural shift towards empowering buyers, instituting better information symmetry through standardization, and enabling data-driven decision-making. The real impact will only be evident over the next few years as more projects get completed and rated across market cycles.

But for now, buyers finally have access to a formal framework they can trust – one that provides a reliable, regulator-backed benchmark for risk evaluation. The pioneering grading approach is thus a stepping stone towards a more efficient, transparent, and accountable real estate market.


PropTech in India: Redefining Home Management and Property Services

The Indian real estate sector stands at the cusp of a transformative revolution, and at the epicenter of this seismic shift is “PropTech.” In recent years, PropTech, short for “Property Technology,” has emerged as a dynamic and game-changing force that is reshaping how we buy, sell, manage, and experience real estate in India. This fusion of property and technology is not just a buzzword; it’s a fundamental paradigm shift that promises to redefine the very essence of the Indian real estate landscape.

As urbanization accelerates and the aspirations of Indian homeowners and renters evolve, PropTech arrives as a breath of fresh air, offering innovative solutions to age-old challenges. It’s the digital innovation that empowers property managers, delights homeowners, and streamlines the entire real estate ecosystem.

In this blog, we embark on a journey into the heart of the PropTech revolution in India. We will explore the multiple facets of PropTech, from its technological foundations and applications to its profound impacts on homeowners, renters, and the real estate industry as a whole. We will delve into the challenges it faces, the opportunities it presents, and the exciting prospects that lie ahead.

Join us as we unravel the story of how PropTech is revolutionizing the Indian real estate landscape, one innovation at a time. This is not just a technology trend; it’s a revolution that promises to transform the way we live, work, and invest in real estate.

  • The Transformational Role of PropTech in the Indian Real Estate Market

    PropTech is catalyzing a profound transformation in the Indian real estate sector, influencing multiple facets of the industry. It transcends traditional boundaries and reshapes the way properties are managed and experienced. Here’s a comprehensive look at the multifaceted impact of PropTech in India:

  • Growing Relevance of PropTech in India’s Tech Advancements

    India’s remarkable progress in technology and digitalization has created a fertile ground for the growth and integration of PropTech solutions. The country’s ever-expanding tech-savvy population, coupled with an increasing rate of smartphone penetration, makes India an ideal breeding ground for digital innovation in the real estate sector.

  • Technological Advancements: AI and IoT in Home Management

    Two of the most influential technological advancements in PropTech are Artificial Intelligence (AI) and the Internet of Things (IoT). These technologies are revolutionizing the way homes are managed and are shaping the future of real estate in India.

    1. AI in Real Estate

      AI algorithms can process and analyze vast amounts of data, providing invaluable insights into property management. Predictive AI can forecast maintenance needs, ensuring that issues are addressed proactively. Virtual assistants powered by AI enhance communication between property managers and tenants, facilitating efficient query resolution.

    2. IoT in Real Estate

      IoT devices interconnect various aspects of home management. Smart thermostats, security cameras, and home automation systems enable homeowners to control and monitor their properties remotely. These devices significantly enhance security, automate routine tasks, and optimize energy consumption, leading to cost savings and environmental benefits.

  • Impact on Homeowners and Renters

    PropTech’s influence extends directly to homeowners and renters, redefining their experiences in the real estate realm.

    1. Enhanced Security

      The integration of AI and IoT in security systems allows for real-time monitoring and instant alerts. Homeowners can enjoy peace of mind knowing that their properties are under constant surveillance, and any anomalies are promptly addressed.

    2. Automation

      PropTech solutions bring automation to the forefront of property management. Tasks such as bill payments, maintenance requests, and communication with property managers can be efficiently automated, reducing the administrative burden on homeowners and property managers alike.

    3. Energy Efficiency

      IoT-powered smart home devices optimize energy consumption by adapting to user behavior and external factors. This results in not only cost savings but also a reduced environmental footprint.

  • Challenges and Opportunities

    While PropTech holds immense promise, it also faces several challenges:

    1. Varying Adoption Rates

      The adoption of PropTech solutions varies across regions in India. Urban centers are more receptive to these innovations, while rural areas may face barriers in terms of awareness and infrastructure.

    2. Infrastructure Challenges

      The success of PropTech depends on robust internet connectivity and infrastructure. Addressing these infrastructure challenges is crucial for the widespread adoption of PropTech solutions.

  • Opportunities for Growth

    Despite these challenges, the future of PropTech in India is bright, with several opportunities on the horizon:

    1. Remote Property Management

      As more homeowners invest in properties away from their primary residences, remote property management solutions are expected to gain prominence. These solutions enable property owners to efficiently manage their assets from anywhere in the world.

    2. Green PropTech

      The convergence of PropTech and sustainability is an exciting prospect. The development of eco-friendly and energy-efficient solutions will cater to environmentally conscious consumers.

    3. Integration and Interoperability

      The real estate industry will focus on enhancing the compatibility and integration of various PropTech solutions. This will create seamless experiences for homeowners, renters, and property managers by allowing different technologies to work together harmoniously.


In conclusion, PropTech is not merely a buzzword; it represents a transformative force reshaping the Indian real estate landscape. By harnessing the power of AI and IoT, homeowners and renters can enjoy enhanced security, automation, and energy efficiency. While challenges exist, such as varying adoption rates and infrastructure limitations, the potential for PropTech growth in India is immense.

It’s time for the real estate sector in India to fully embrace these technological innovations and unlock the benefits they offer. PropTech has the potential to create a more efficient and user-friendly property management experience, elevating the Indian real estate market to new heights of innovation and convenience. As we witness this digital revolution unfold, the future of real estate in India is bright, promising greater convenience, efficiency, and sustainability for all stakeholders in the industry. For a detailed overview on current PropTech trends, you can also check with BeyondWalls, India’s leading PropTech Ecosystem.

Real Estate Marketing

Achieving 2.5x Greater Efficiency in Real Estate Marketing Using AI

At BeyondWalls, we’ve harnessed the immense power of AI to revolutionize our approach to real estate marketing. It’s not just about automation; it’s about leveraging AI to its full potential.

🔍 Gathering Insights:

Earlier: Our teams used to manually research and gather data of the projects in the vicinity, demand, search volumes, etc. TAT- 3-4 Hrs.

Now: AI helps us gather invaluable insights from vast datasets. We can now understand market trends, customer preferences, and emerging opportunities with unmatched precision. TAT- 30-40 Mins.

📊 Analyzing Data:

Earlier: Our team looked at each data set, gathered insights and drew conclusions for our creative teams to come up with concepts. TAT: 1-2 Hrs

Now: AI is our secret weapon for data analysis. It enables us to make sense of complex information swiftly and accurately. These insights and conclusions are shared with our creative teams for marketing conceptualizations. TAT: 20-40 Mins

💡 Deriving Marketing Ideas and Concepts

Earlier: Our Creative teams brainstormed to come up with marketing concepts. TAT 1-2 days

Now: AI helps with the structure of ideas, forms directions and buckets of content that can be worked on. Our team carefully shortlists and extends the right ideas out of it to bring the right GTM communication. TAT: 3-4 Hrs.

🎯 Media Strategies:

The real game-changer? Tailoring media strategies.

Earlier: Based on TG analysis, product understanding, the media strategy was prepared manually. TAT: 1-2 days

Now: AI helps us identify the right channels, the perfect timing, and the ideal audience, all leading to unprecedented returns on investment. TAT: 3-4 Hrs.

AI-driven insights, we’re supercharging our marketing and real estate sales plans. Every decision is data-backed, ensuring we stay agile and adaptive.

We’re not just keeping up with technology; we’re shaping its future in real estate marketing. Our teams are dedicated to continuous learning and innovation, ensuring that we harness every technological advantage to provide you with the best solutions. We’re not just efficient; we’re relentlessly committed to excellence. In this ever-evolving landscape, we’re not just keeping pace; we’re setting the standard. Together, let’s redefine what’s possible in real estate marketing.