628 Developers Face MahaRERA Action for Non-Compliance in Ads
Real Estate

628 Developers Face MahaRERA Action for Non-Compliance in Ads

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has initiated action against 628 real estate developers for failing to display their RERA registration numbers and QR codes in advertisements. This non-compliance violates the Real Estate (Regulation and Development) Act, 2016, aimed at enhancing transparency in the real estate sector.

The authority found that numerous developers neglected mandatory disclosure norms in their promotional materials, including brochures, online ads, and physical hoardings. Such omissions can mislead potential buyers and obscure crucial project details.

MahaRERA has issued show-cause notices to the defaulters, demanding explanations for their non-compliance. Developers are required to adhere strictly to the Act?s provisions, which mandate the inclusion of RERA registration numbers and QR codes in all advertisements to ensure authenticity and protect consumer interests.

The QR code, when scanned, provides comprehensive information about the project, including its registration status, approvals, and other critical data. This feature is designed to empower buyers with easy access to verified information, fostering a more transparent and accountable real estate market.

The developers now face penalties, including hefty fines and potential suspension of their project registrations. MahaRERA's stringent measures underscore its commitment to enforcing compliance and upholding the rights of homebuyers.

In addition to penalising defaulters, MahaRERA plans to intensify its monitoring efforts and launch awareness campaigns to educate developers about their obligations under the Act. The authority's proactive approach aims to ensure that all stakeholders adhere to the regulatory framework, promoting trust and reliability in the real estate sector.

This crackdown on non-compliance signifies MahaRERA?s dedication to maintaining stringent oversight and fostering a transparent real estate environment in Maharashtra.

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has initiated action against 628 real estate developers for failing to display their RERA registration numbers and QR codes in advertisements. This non-compliance violates the Real Estate (Regulation and Development) Act, 2016, aimed at enhancing transparency in the real estate sector. The authority found that numerous developers neglected mandatory disclosure norms in their promotional materials, including brochures, online ads, and physical hoardings. Such omissions can mislead potential buyers and obscure crucial project details. MahaRERA has issued show-cause notices to the defaulters, demanding explanations for their non-compliance. Developers are required to adhere strictly to the Act?s provisions, which mandate the inclusion of RERA registration numbers and QR codes in all advertisements to ensure authenticity and protect consumer interests. The QR code, when scanned, provides comprehensive information about the project, including its registration status, approvals, and other critical data. This feature is designed to empower buyers with easy access to verified information, fostering a more transparent and accountable real estate market. The developers now face penalties, including hefty fines and potential suspension of their project registrations. MahaRERA's stringent measures underscore its commitment to enforcing compliance and upholding the rights of homebuyers. In addition to penalising defaulters, MahaRERA plans to intensify its monitoring efforts and launch awareness campaigns to educate developers about their obligations under the Act. The authority's proactive approach aims to ensure that all stakeholders adhere to the regulatory framework, promoting trust and reliability in the real estate sector. This crackdown on non-compliance signifies MahaRERA?s dedication to maintaining stringent oversight and fostering a transparent real estate environment in Maharashtra.

Next Story
Infrastructure Urban

Gurugram to Launch Real-Time Waste Collection App in August

The Municipal Corporation of Gurugram (MCG) plans to introduce an app in August that will provide residents with real-time information about waste collection services. Developed by a private firm, the app will allow residents to track the live location of waste collection vehicles, receive updates on expected arrival times, and monitor the vehicles' proximity to their homes. A research team from a private university in Gurugram has been tasked with identifying features to enhance the app's efficiency and transparency in waste management. Their findings, expected within 15 days, will be reviewe..

Next Story
Infrastructure Transport

South India's First Double-Decker Flyover Opens for Trial Run

South India's first double-decker rail-cum-road flyover was partially opened for a trial run officials announced. Deputy Chief Minister and Bengaluru Development Minister D. K. Shivakumar conducted a 'trial walk' on the newly built flyover, which extends from Ragigudda to Central Silk Board and forms part of the Yellow Line of the Bengaluru Metro. Transport Minister Ramalinga Reddy and other officials also participated in the event. Constructed by the Bangalore Metro Rail Corporation Limited (BMRCL) at a cost of Rs 4.49 billion, the flyover is currently open for vehicular movement on only one ..

Next Story
Infrastructure Transport

GMDA to Reconstruct Key Gurugram Road and Build Flyover

The Gurugram Metropolitan Development Authority (GMDA) announced plans to reconstruct a major master sector dividing road from the Dwarka Expressway junction with Sector 86 Road to IMT Manesar at a cost of ?600 million. This road, currently in severe disrepair, will pass through Sectors 84/88, 85/89, 86/90, and 87/92. Additionally, GMDA will build a ?590 million flyover at Dadi Sati Chowk in Sector 86. "The road will be reconstructed similar to Rampura Road, and the tender for this has been floated," stated Arun Dhankhar, GMDA's chief engineer. Special repairs for major roads across Gurugram a..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000