MahaRERA Mandates Prominent Display of QR Code and Registration Number in Real Estate Ads
Mumbai: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has made it mandatory for developers to prominently display the QR code and registration number in all real estate advertisements, ensuring transparency and compliance in the property market.
MahareraReal EstateTransparencyQr CodeRegistration NumberReal Estate MaharashtraApr 10, 2025
The new mandate, effective immediately, applies to all forms of advertising, including print, digital, and outdoor media. Developers must ensure that the QR code and registration number are clearly visible and easily accessible to potential buyers. The QR code will direct users to the MahaRERA website, where they can verify the authenticity of the property and the developer's compliance with the Real Estate (Regulation and Development) Act, 2016 (RERA).
According to MahaRERA officials, this step is crucial in maintaining the integrity of the real estate market and building trust among consumers. “The real estate sector has faced numerous issues due to lack of transparency and accountability. By mandating the display of QR codes and registration numbers, we are taking a significant step towards ensuring that homebuyers have access to accurate and reliable information,” said a senior MahaRERA official.
The QR code will provide homebuyers with essential details about the project, including the developer's name, project name, and the stage of construction. Additionally, it will display the developer's compliance status and any ongoing legal issues related to the project. This information will empower buyers to make informed decisions, reducing the risk of financial losses and legal complications.
Developers who fail to comply with the new mandate will face strict penalties, including fines and suspension of their registration. MahaRERA has also set up a dedicated helpline and online portal to address complaints and provide assistance to homebuyers. The authority encourages consumers to report any violations of the new rule, ensuring that the real estate market remains fair and transparent.
The new rule is part of a broader effort by MahaRERA to strengthen regulatory oversight and protect the interests of homebuyers. In recent years, the authority has taken several measures to streamline the real estate sector, including the implementation of the RERA Act and the introduction of strict guidelines for project approvals and marketing practices.
Homebuyers and industry experts have welcomed the new mandate, praising MahaRERA for its commitment to transparency and consumer protection. “This is a positive step that will help build trust in the real estate market. Homebuyers can now easily verify the authenticity of a project and make informed decisions, reducing the risk of fraud and delays,” said a prominent real estate consultant.
In conclusion, the new mandate by MahaRERA to prominently display QR codes and registration numbers in real estate advertisements is a significant step towards enhancing transparency and accountability in the real estate sector. It will empower homebuyers with the necessary information to make informed decisions, ultimately leading to a more reliable and trustworthy property market in Maharashtra.
Frequently Asked Questions
What is MahaRERA?
MahaRERA stands for the Maharashtra Real Estate Regulatory Authority. It is a regulatory body responsible for overseeing the real estate sector in the state of Maharashtra, ensuring compliance with the Real Estate (Regulation and Development) Act, 2016 (RERA).
What new mandate has MahaRERA introduced?
MahaRERA has mandated that real estate developers prominently display the QR code and registration number in all property advertisements, including print, digital, and outdoor media.
Why is this mandate important?
This mandate is important because it enhances transparency and accountability in the real estate market. It helps homebuyers verify the authenticity of a project and the developer's compliance with RERA, reducing the risk of fraud and legal issues.
What information will the QR code provide?
The QR code will direct users to the MahaRERA website, where they can find details about the project, such as the developer's name, project name, stage of construction, compliance status, and any legal issues.
What are the penalties for non-compliance?
Developers who do not comply with the mandate will face penalties, including fines and suspension of their registration. MahaRERA has set up a helpline and online portal to address complaints and provide assistance to homebuyers.
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