These 648 projects cannot be advertised, marketed, booked, sold, or offered for sale, and persons cannot be invited to purchase any plot, apartment or building in any of these projects
The Maharashtra Real Estate Regulatory Authority (MahaRERA) currently has a total of 36,869 projects registered at the moment, of which only 26 per cent have been completed while 73 per cent of projects are incomplete. It is mandatory to register any real estate projects with MahaRERA otherwise action is liable under the RERA Act. In fact, the developer (promoter) cannot even advertise inventories without getting a valid registration approval from the authority.
Source: The Free Press Journal
