Show cause notices sent by MahaRERA to 197 developers who printed advertisements without MahaRERA numbers. This includes Mumbai 82, Pune 86 and Nagpur 29 developers

After the hearing, 90 cases were settled and MahaRERA fined the developers a total of 18.30 lakhs ranging from 10 thousand to 1.5 lakhs. 11.85 lakhs was recovered. This includes 52 developers from Mumbai region, 34 from Pune region and 4 from Nagpur region

MahaRERA has sent notices to 197 developers in the state who are printing advertisements of housing projects without MahaRERA number.

Of these a hearing in case of 90 developers was held by MahaRERA where fines ranging from Rs 10,000, Rs 25,000, Rs 50,000 and Rs 1.5 lakh totaling to Rs 18.30 lakh was imposed of this Rs 11.85 lakh has been recovered.

It includes 52 developers in Mumbai area, 34 in Pune area and 4 in Nagpur area. Remaining i.e. 107 developers hearing process is going on.

In the beginning, only in the Mumbai headquarters, the hearings were held in this regard. Now apart from Mumbai, inspections and hearings have also started in the regional offices of MahaRERA in Pune and Nagpur. Mumbai city, Mumbai suburbs, Konkan, Thane are included within the Mumbai area. Pune region includes the districts of Kolhapur, Solapur, Nashik, Ahmednagar while Nagpur region includes the districts of Marathwada and Vidarbha.

In these advertisement some developers in spite of MahaRERA registration number did not print it in the advertisement or it was printed in such fine print that it could not be read. It has also been pointed out that MahaRERA number is not printed in many advertisements on Facebook, online and similar social media.

It is mandatory as per RERA act, that all advertisements of MahaRERA registered projects should have the registration number allotted. Any advertisement without the registration number means a violation of the law.

You May Also Like

Slum projects will now have primary healthcare centre

Slum redevelopment projects will now have primary health care centre, it will…

NCR Saw 29 Land Deals for Approx. 314 Acres Closed in FY-24

 Delhi-NCR continues to be a hotspot for real estate transactions across various…

CREDAI-MCHI and MAHAPREIT Sign MoU to Drive Decarbonization and Address Air Emissions in the Construction Sector

CREDAI-MCHI and MAHAPREIT have partnered to address air emissions in the construction sector. Their collaboration focuses on creating a roadmap for decarbonization, promoting eco-friendly practices, and working towards net-zero emissions. The initiative will involve studying emissions from construction activities and operational buildings, setting sustainability targets, and training stakeholders to adopt greener building techniques.

Festive push to residential real estate momentum of 2023

Indian residential real estate market is typically an interplay of two fundamental…