MahaRERA sees surge in project compliance with quarterly reports
Real Estate

MahaRERA sees surge in project compliance with quarterly reports

The Maharashtra Real Estate Regulatory Authority (MahaRERA) is witnessing a notable uptick in projects adhering to the mandatory requirement of Quarterly Progress Reports (QPR) without any formal notice from the regulator.

Prompted by stringent regulatory actions, a significant 46.25% of the 480 projects registered in April 2023 submitted their quarterly updates within the stipulated timeframe. In contrast, only 0.02% of the 746 projects registered in January 2023, 19% of the 700 projects registered in February, and approximately 34% of the 440 projects registered in March provided updates proactively, prior to receiving any notice.

Ajoy Mehta, Chairman of MahaRERA, commented on the regulatory provisions, emphasising the mandatory submission of Quarterly Progress Reports (QPR) for housing projects. Mehta acknowledged the positive increase in the project response rate from 0.02% in January to 46.25% in March, but reiterated MahaRERA's goal of achieving a 100% response rate.

In September, MahaRERA took decisive action by suspending the registration of 388 real estate projects for non-compliance with the mandatory quarterly information update. According to the Real Estate (Regulation & Development) Act, 2016, developers are required to register their projects with MahaRERA and provide quarterly updates, facilitating transparency for homebuyers regarding project progress, units sold, funds collected, expenditures incurred, and the correlation between expenses and physical progress.

MahaRERA has taken stringent measures against non-compliant projects, with a total of 741 projects currently held in abeyance. Of these, 195 projects have since complied, leading to the issuance of withdrawal orders. Presently, 546 projects remain in abeyance, and their bank accounts have been frozen as part of the regulatory measures.

The Maharashtra Real Estate Regulatory Authority (MahaRERA) is witnessing a notable uptick in projects adhering to the mandatory requirement of Quarterly Progress Reports (QPR) without any formal notice from the regulator. Prompted by stringent regulatory actions, a significant 46.25% of the 480 projects registered in April 2023 submitted their quarterly updates within the stipulated timeframe. In contrast, only 0.02% of the 746 projects registered in January 2023, 19% of the 700 projects registered in February, and approximately 34% of the 440 projects registered in March provided updates proactively, prior to receiving any notice. Ajoy Mehta, Chairman of MahaRERA, commented on the regulatory provisions, emphasising the mandatory submission of Quarterly Progress Reports (QPR) for housing projects. Mehta acknowledged the positive increase in the project response rate from 0.02% in January to 46.25% in March, but reiterated MahaRERA's goal of achieving a 100% response rate. In September, MahaRERA took decisive action by suspending the registration of 388 real estate projects for non-compliance with the mandatory quarterly information update. According to the Real Estate (Regulation & Development) Act, 2016, developers are required to register their projects with MahaRERA and provide quarterly updates, facilitating transparency for homebuyers regarding project progress, units sold, funds collected, expenditures incurred, and the correlation between expenses and physical progress. MahaRERA has taken stringent measures against non-compliant projects, with a total of 741 projects currently held in abeyance. Of these, 195 projects have since complied, leading to the issuance of withdrawal orders. Presently, 546 projects remain in abeyance, and their bank accounts have been frozen as part of the regulatory measures.

Next Story
Infrastructure Transport

NHAI Tightens Contractor Norms to Boost Highway Quality

The National Highways Authority of India (NHAI) has revised Request for Proposal (RFP) provisions to enhance the quality of highway projects, reduce delays, and lower lifecycle costs. The updates tighten contractor qualification norms, strengthen execution compliance, and increase financial transparency, the Ministry of Road Transport and Highways (MoRTH) said on Wednesday.The stricter RFP clauses will ensure that only technically capable and experienced contractors are eligible for national highway projects. RFPs formally invite bids from contractors, specifying project requirements, terms, a..

Next Story
Infrastructure Transport

Imphal to Gain Rail Connectivity with Jiribam Line Soon

Indian Railways is advancing rapidly on the Jiribam–Imphal railway line, a landmark project set to bring train connectivity to Imphal, the capital of Manipur. The 110.625 km line falls under the administrative control of the Northeast Frontier Railway (NFR) zone.Following the recent completion of the Bairabi–Sairang rail project, which enabled services from Aizawl (Sairang), Imphal will soon join the national rail network. During his visit to Manipur on 13 September 2025, Prime Minister Narendra Modi affirmed that the government is investing Rs 22 billion in the project.Currently, a 55.36 ..

Next Story
Infrastructure Transport

Adani to Double Colombo Terminal Capacity Ahead of Schedule

India’s Adani Group and its partners are set to double the capacity of the $840 million Colombo West International Terminal months ahead of schedule, despite relinquishing $553 million in U.S. funding, according to an executive at partner firm John Keells Holdings.The deepwater terminal, situated alongside a facility operated by China Merchants Port Holdings, highlights Sri Lanka’s strategic role in the contest for influence in the Indian Ocean between New Delhi and Beijing.The first phase of the fully automated terminal became operational in April 2025. The second and final phase is under..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?