Maharashtra Real Estate Regulatory Authority Cracks Down on Non-Compliant Housing Projects
MahaRERA initiates action against 628 housing projects for failing to display registration number and QR code, resulting in fines of Rs 88.90 lakh.
MaharashtraReal EstateHousing ProjectsMahareraQr CodeReal Estate NewsJul 08, 2024
The Mumbai region alone saw 312 projects fined Rs 54.25 lakh, of which Rs 41.50 lakh has been collected. MahaRERA has urged homebuyers to avoid transactions with housing projects that do not display the mandatory RERA registration number. Chairperson of MahaRERA, Ajoy Mehta, emphasized that punitive action against violators will continue. To effectively enforce guidelines and identify violators, MahaRERA collaborated with the Advertising Standards Council of India (ASCI), utilizing artificial intelligence to identify violations across various media formats, including digital platforms.
This partnership has successfully identified violations in newspapers, websites, online video streaming channels, and social media, with a higher rate of violations on social media compared to traditional advertising formats. Under the Real Estate (Regulation and Development) Act, any project in Maharashtra exceeding 500 square metres or involving more than eight apartments (including plots) must be registered with MahaRERA.
Marketing and sales activities for such projects are prohibited without a registration number from MahaRERA. Additionally, developers are required to provide detailed information about the project, including the project’s name, developer’s name, registration renewal status, expected completion date, pending complaints, pending litigations, and any recovery warrants issued, which can be accessed by scanning the project’s QR code.
Frequently Asked Questions
How many housing projects were fined by MahaRERA?
628 housing projects were fined by MahaRERA for failing to display their registration number and QR code.
What is the total amount of fines collected by MahaRERA?
Rs 72.35 lakh has been collected as fines from the 628 housing projects.
Which region had the most number of fined projects?
The Mumbai region had the most number of fined projects, with 312 projects fined Rs 54.25 lakh.
What is the purpose of the QR code in real estate projects?
The QR code provides detailed information about the project, including the project’s name, developer’s name, registration renewal status, expected completion date, pending complaints, pending litigations, and any recovery warrants issued.
What is the penalty for not displaying the RERA registration number?
Projects that fail to display the RERA registration number can face punitive action, including fines, and marketing and sales activities for such projects are prohibited.
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