MahaRERA Takes Action Against 628 Projects for Non-Compliance

11 Jul 2024 CW Team

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.

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