MahaRERA has initiated the process of issuing around 18,000 show cause notices to developers as a review of real estate projects showed that a substantial number of developers are not updating information on projects
“An initiative was undertaken to review and monitor the projects registered with MahaRERA. The forum started reviewing the projects registered since 2017, which is since the establishment of the regulatory authority,” said an official. Once a housing project is registered with MahaRERA and launched in the market, under section 11 of the Real Estate Act, the developer is required to update information every three months
https://www.freepressjournal.in/mumbai/mumbai-maharera-starts-sending-notices-to-18000-developers
Source: The Free Press Journal
