Around 300 developers or real estate projects are in trouble for having declared expenses that do not correlate with the construction at the site. MahaRERA will launch an investigation soon into such erring builders and projects
In the last 6-8 months, MahaRERA realised that in the compliance documents some realtors have shown expenses that are far more than construction done at the project site. As there is a mismatch between expenditure and work done, they are in for scrutiny. These projects are worth Rs500 crore and more
https://www.freepressjournal.in/mumbai/mahareras-crackdown-on-mumbai-developers-300-realty-projects-to-be-scrutinised-for-mismatched-expenses
Source: The Free Press Journal
