MahaRERA Cracks Down on Non-Compliant Developers
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken action against 628 developers for failing to display their RERA registration numbers in advertisements.
MahareraReraReal EstateDevelopersAdvertisingReal Estate MaharashtraJul 10, 2024
The developers were given a deadline to comply with the RERA regulations, but they failed to do so, prompting MahaRERA to take action. The authority has also asked the developers to provide a QR code that links to the project details on the MahaRERA website. This move is expected to benefit homebuyers and ensure that they have access to accurate and reliable information about their projects.
Frequently Asked Questions
What is MahaRERA?
MahaRERA is the Maharashtra Real Estate Regulatory Authority, which is responsible for regulating the real estate sector in the state of Maharashtra.
What is RERA?
RERA stands for Real Estate (Regulation and Development) Act, which is a law that aims to regulate the real estate sector in India.
Why did MahaRERA take action against developers?
MahaRERA took action against developers for failing to display their RERA registration numbers in advertisements, which is a regulatory requirement.
What is the benefit of having a QR code on advertisements?
The QR code links to the project details on the MahaRERA website, providing homebuyers with accurate and reliable information about their projects.
How many developers were affected by MahaRERA's action?
MahaRERA took action against 628 developers for non-compliance with RERA regulations.
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