Hardening its stand on non-complying developers, the state housing regulator MahaRERA on Monday said the registrations of 291 projects will be revoked if they fail to pay the designated penalty and provide the Quarterly Progress Reports (QPRs) of their projects.
In the third week of September, MahaRERA suspended the registration of 363 real estate projects registered with the authority for failing to comply with the RERA provisions and provide a quarterly update on the progress of their projects. These projects, which were registered in January 2023, were due to provide information by April on the status of the construction, the number of apartments booked, funds collected from these bookings and expenditures during the quarter, any changes in the approved building plans etc.
https://www.hindustantimes.com/cities/mumbai-news/registration-of-291-projects-will-be-revoked-if-penalty-not-paid-warns-maharera-101696878657290.html
Source: Hindustan Times
