MahaRERA Grading Matrix Explained: How Projects Get Scored

Corrected on 7 November 2026. We have now read Circular 46/2023. It sets out a four-part project snapshot, and gives no letter grades, percentage weightages or score cut-offs. Those were in an earlier version and have been removed. The page has been rewritten from the circular.

A client asks what "grade" a project has, and whether a C means trouble. On MahaRERA's own circular, that's the wrong question. Its first phase discloses information and doesn't hand out a score.

What the Circular Says

Circular 46/2023 introduces a MahaRERA Grading Matrix under Section 32(f) of the Act, in a "phased and staggered manner". In the first phase, MahaRERA aims at objectively listing project information so buyers can compare projects.

• Which projects: those registered after January 2023.
• How often: every six months of the financial year. The first period ran from 1 October 2023 to March 2024.
• How it's made: generated automatically through MahaCRITI, from information submitted by the promoter.

The Four Parts

• Project Overview: name, promoter, registration number, location and type.
• Technical Snapshot: quarterly reports submitted, percentage of work completed from the engineer's certificate, percentage of time elapsed, annual quality certificate, extension application, booking percentage, formation of society, conveyance, and whether an Allottee Grievance Officer has been appointed.
• Financial Snapshot: percentage of financial progress from the CA certificate, annual audit report in Form 5, any CA qualifications, penalties and financial encumbrances.
• Legal Snapshot: complaints against the project, warrants issued, legal encumbrances, and any NCLT or other legal proceedings.

What to Be Careful About

The circular's disclaimer says the details come from data the promoters provided, and MahaRERA does not take responsibility for inaccuracy or incompleteness. So it's a starting point, and doesn't certify the project. We haven't confirmed how later phases work or how the portal displays the matrix today. If you see a letter grade somewhere, ask where it comes from.

How to Use It With a Client

This is our advice:

• Compare work completed with time elapsed. A big gap is a question to ask.
• Compare physical and financial progress, without accusing anyone. Ask for an explanation.
• Read what the complaints and warrants are about.
• Check missed quarterly reports. Order 33/2022 sets the 20th of July, October, January and April.

Don't say "MahaRERA rated this project highly". Section 10(c) bars claiming an approval that isn't there. Registration and disclosure aren't an endorsement.

For Your Exam Preparation

Know that the matrix exists, its four parts, and that Section 32(f) is where grading comes from. Practise with a full-length mock test.

Quick check: where does the Grading Matrix get its data? From information the promoter submits.