MahaRERA Mandates Prominent QR Code Display in Real Estate Ads
Mumbai: In a move to enhance transparency in the real estate sector, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has made it mandatory for developers to prominently display QR codes and registration numbers in all project advertisements. This step aims to provide home buyers with easy access to vital project information.
Real EstateMahareraTransparencyQr CodeProject AdvertisementsReal Estate MumbaiApr 10, 2025
The new guidelines require developers to include a clearly visible QR code in all their advertisements, whether they are print, digital, or outdoor. Home buyers can scan the QR code to access detailed information about the project, including the registration status, approved plans, and other relevant documents. This move is expected to significantly reduce the risk of fraud and misrepresentation, which have long plagued the real estate industry.
In addition to the QR code, developers must also prominently display their MahaRERA registration number in all advertisements. This ensures that potential buyers can verify the authenticity of the developer and the project they are promoting. MahaRERA officials have emphasized that these measures will help create a more transparent and accountable real estate market.
The decision comes in the wake of several high-profile cases where developers failed to comply with the Real Estate (Regulation and Development) Act (RERA), leading to delays and financial losses for home buyers. By making the display of QR codes and registration numbers mandatory, MahaRERA aims to empower buyers with the information they need to make informed decisions.
According to a senior MahaRERA official,
Frequently Asked Questions
What is MahaRERA?
MahaRERA stands for Maharashtra Real Estate Regulatory Authority. It is a statutory regulatory body established under the Real Estate (Regulation and Development) Act, 2016, to promote the growth of the real estate sector by ensuring transparency, accountability, and consumer protection.
Why has MahaRERA made it mandatory to display QR codes in project advertisements?
MahaRERA has made it mandatory to display QR codes in project advertisements to provide home buyers with easy access to detailed project information, including registration status, approved plans, and other relevant documents. This move aims to enhance transparency and reduce the risk of fraud.
What information can home buyers access by scanning the QR code?
By scanning the QR code, home buyers can access detailed information about the project, such as the registration status, approved plans, project details, and other relevant documents. This information helps buyers make informed decisions.
What are the penalties for developers who fail to comply with the new guidelines?
Developers who fail to comply with the new guidelines can face penalties, including fines and potential deregistration. MahaRERA has also set up a dedicated helpline and a digital portal for reporting violations and seeking assistance.
How will these new guidelines benefit the real estate market in Maharashtra?
The new guidelines are expected to benefit the real estate market in Maharashtra by enhancing transparency, building trust between developers and home buyers, and reducing the risk of fraud and misrepresentation. This will contribute to the overall health and stability of the market.
Related News Articles
Vijay Kedia's Melodic Plea: Ease the Dividend Tax Burden on Indian Investors
Market expert Vijay Kedia's unique appeal to FM Nirmala Sitharaman to reconsider dividend tax burden on investors
NBCC Announces 1:2 Bonus Share Issue, Utilizes Rs 90 Crore Free Reserve
NBCC India Ltd has announced a bonus share issue in the ratio of 1:2 to eligible shareholders, utilizing Rs 90 crore from its free reserves. The company has a robust order book of over Rs 81,300 crore and is strategically focused on redevelopment, PSU lan
Mixed-Use Developments: Shaping the Future of Commercial Real Estate
The backbone of the significant transformation in India's commercial real estate market is mixed-use development, which is expected to drive the future of the industry.
RERA Orders Refund and Penalty for Developer’s Violation of Real Estate Laws
The Telangana State Real Estate Regulatory Authority (RERA) has directed Bhuvanteza Infra Projects Pvt. Ltd to refund Rs 32 lakh to a homebuyer along with 11.05% annual interest. Additionally, a penalty of Rs 11.46 lakh was imposed on the developer for vi
Insomniacs Unveils ACX Convo AI: Revolutionizing Real Estate Pre-Sales with Cutting-Edge AI
Insomniacs, a leader in real estate marketing and technology, has launched ACX Convo AI, a groundbreaking AI-driven solution to transform the pre-sales process in the real estate industry.
UltraTech Cement Expands into Wires and Cables with ₹1800 Crore Investment
UltraTech Cement, India’s leading cement manufacturer, is set to enter the wires and cables market with an investment of ₹1800 crore, aiming to commence operations by December 2026. The move is part of the company’s broader strategy to expand its presence