Nagpur: MahaRERA Issues Show-Cause Notices to 391 Housing Projects
Nagpur: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued show-cause notices to 391 housing projects in Nagpur for failing to submit mandatory quarterly progress reports (QPRs). This action is part of a wider statewide drive, with authorities warning of strict penalties if developers do not comply within the stipulated timeline.
The move is part of a larger crackdown involving 8,212 projects across Maharashtra. In the Vidarbha region alone, 483 projects have been served notices, with Nagpur accounting for the highest share at 391.
Other districts in the Vidarbha region include: - Amravati: 135 projects - Chandrapur: 113 projects - Bhandara: 104 projects - Akola: 12 projects - Buldhana: 10 projects - Wardha: 10 projects - Yavatmal: 4 projects - Washim: 4 projects
MahaRERA stated that developers failed to file Quarterly Progress Reports for the January–March period, a requirement under the Real Estate (Regulation and Development) Act. These reports are essential for tracking project progress, monitoring financial transparency, and informing homebuyers about construction and fund usage.
Developers have been given 60 days to respond to the notices. Failure to comply may lead to: - Cancellation of project registration - ₹50,000 penalty for reactivation - Ban on marketing, advertising, and sale of units - Freeze on project-related bank accounts
According to MahaRERA norms: - 70% of funds collected from buyers must be kept in a separate escrow account - Withdrawals require certification from an engineer, architect, and chartered accountant - Even in case of no transactions, a ‘NIL’ report must be filed
Authorities said non-compliance with these requirements is considered a violation of homebuyer rights. The action is expected to have a direct impact on developers in Nagpur, increasing compliance pressure and potentially affecting ongoing project marketing and sales. Experts say the move could improve long-term transparency but may lead to short-term disruptions in the market.
Developers must submit pending QPRs within 60 days. MahaRERA will review responses and decide further action. Buyers are advised to track project updates through official channels.
