Experts say while there is a provision to take over such stalled projects, it is hardly exercised; seek vigilance team to keep check on developers
The validity of MahaRERA registration of over 4,500 real estate projects in the state with more than 3,50,000 flats has lapsed, as per the official MahaRERA website. However, there is no mechanism in place to check if these projects are continued to be marketed, despite promoters being barred from selling the flats. In view of this, experts have called for a special vigilance cell.
Source – Mid-Day
