MahaRERA Takes Action Against 628 Projects for Non-Compliance
Real Estate

MahaRERA Takes Action Against 628 Projects for Non-Compliance

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has initiated actions against 628 real estate projects for failing to comply with registration and QR code requirements. These projects, spread across the state, were found to be non-compliant with the mandatory norms set under the Real Estate (Regulation and Development) Act, 2016 (RERA), aimed at ensuring transparency and accountability in the real estate sector.

MahaRERA's enforcement drive targeted developers who did not register their projects on the authority's portal or failed to prominently display the QR (Quick Response) codes at project sites and in advertisements. The QR codes are designed to provide potential buyers with essential project details and MahaRERA registration information instantly, promoting transparency and empowering consumers with comprehensive information before investing in properties.

The regulatory actions underline MahaRERA's commitment to upholding regulatory standards and protecting homebuyers' interests in Maharashtra. Developers were warned to adhere strictly to RERA guidelines to avoid penalties and legal consequences for non-compliance.

MahaRERA has urged developers to promptly register their projects and comply with all statutory requirements to avoid further regulatory action. The authority continues to monitor compliance closely, ensuring that real estate projects in Maharashtra operate in accordance with the transparency and accountability principles mandated by RERA.

The crackdown on non-compliant projects is part of MahaRERA's broader efforts to streamline the real estate market, promote fair practices, and safeguard the rights of homebuyers across the state.

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has initiated actions against 628 real estate projects for failing to comply with registration and QR code requirements. These projects, spread across the state, were found to be non-compliant with the mandatory norms set under the Real Estate (Regulation and Development) Act, 2016 (RERA), aimed at ensuring transparency and accountability in the real estate sector. MahaRERA's enforcement drive targeted developers who did not register their projects on the authority's portal or failed to prominently display the QR (Quick Response) codes at project sites and in advertisements. The QR codes are designed to provide potential buyers with essential project details and MahaRERA registration information instantly, promoting transparency and empowering consumers with comprehensive information before investing in properties. The regulatory actions underline MahaRERA's commitment to upholding regulatory standards and protecting homebuyers' interests in Maharashtra. Developers were warned to adhere strictly to RERA guidelines to avoid penalties and legal consequences for non-compliance. MahaRERA has urged developers to promptly register their projects and comply with all statutory requirements to avoid further regulatory action. The authority continues to monitor compliance closely, ensuring that real estate projects in Maharashtra operate in accordance with the transparency and accountability principles mandated by RERA. The crackdown on non-compliant projects is part of MahaRERA's broader efforts to streamline the real estate market, promote fair practices, and safeguard the rights of homebuyers across the state.

Next Story
Infrastructure Energy

We are among the global top 3 in tech adopti

As energy gains global importance, L&T has built a strong presence across hydrocarbons, power, renewables and green technologies. With energy contributing significantly to its revenues, the company is now focused on sustainability and future readiness. In conversation with PRATAP PADODE, Editor-in-Chief, CW, Subramanian Sarma, Deputy Managing Director & President, L&T outlines the company’s strategy for transition, talent and technology.With energy becoming increasingly vital and a key contributor to L&T’s revenues, how do you see the segment evolving?We’ve been..

Next Story
Real Estate

Redevelopment Rush!

Mumbai is on the cusp of an urban transformation, driven by the pressing need to replace ageing, unsafe buildings with modern, high-density developments. The scale and pace of redevelopment across the city is unprecedented – and yet fraught with complexity.Redevelopment has become a defining strategy for urban renewal in Mumbai. One of the most challenging aspects is the displacement it entails – residents are often required to vacate their homes and live in transit accommodations until the new structures are ready. This raises valid concerns: Will the transit housing meet our needs? Will ..

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Achieves Sales Value of Rs 400 Bn

On National MSME Day, Vedanta, India’s leading critical minerals, transition metals, energy and technology conglomerate announced that its non-ferrous metals e-store has achieved a staggering Rs 400 billion in total sales value. Operated under the name of Vedanta Metal Bazaar, it is the world’s largest non-ferrous metals e-store offering more than 1200 stock keeping units (SKUs) across metals such as aluminium, zinc, lead and copper. The platform brings ease-of-doing business for customers on their fingertips by providing a streamlined, digital-first solution that enables businesses to pro..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?