After serving notices to more than 19,000 promoters, MahaRERA’s monitoring cell has learnt that nearly 700 ongoing housing projects have been completed and another 705 lapsed projects have applied for re-registration
The notice states to update the project information or face action.“The monitoring process has yielded positive results after our notices were sent in December and promoters have updated the information and it shows that 700 of these projects have been completed,” said a MahaRERA official. Section 11 of the Real Estate Act mandates that promoters who have registered their projects with the housing regulator provide real-time updates on project construction every quarter on the MahaRERA portal
https://www.hindustantimes.com/cities/mumbai-news/maharera-notice-yields-results-700-ongoing-projects-completed-101676829692795.html
Source: Hindustan Times
