MahaRERA serves notice to 313 projects for discrepancies
1 year, 10 months ago

MahaRERA serves notice to 313 projects for discrepancies

Hindustan Times  

Mumbai: MahaRERA on Monday issued show cause notices to 313 large projects which were red-flagged due to discrepancies seen on their registration pages. “The discrepancies seen in the data submitted by the promoters showed, for instance, that a project had shown 75% expenditure, but the construction percentage was only 50%. Another project had a possession deadline just six months away, but the project completion stood at less than 50%,” said a MahaRERA official. Factors like the ratings of the promoters by market agencies, cases pending before the National Company Law Tribunal, and projects where more than 10 complaints by home buyers were pending came into play when the audit firm red-flagged these projects,” said a MahaRERA senior official.

Projects Project Maharera Serves Notice  data  313  seen  serves  notice  50  authority  submitted  maharera  discrepancies  promoters  project  projects

History of this topic

MahaRERA issues notice to 10,773 ‘lapsed’ projects, MMR tops the list
Trending News
1 week ago

MahaRERA issues notice to 10,773 ‘lapsed’ projects, MMR tops the list

Hindustan Times  

MUMBAI: The developers of over one-fifth of projects, registered with Maharashtra Real Estate Regulatory Authority, have been issued show cause notices, as the projects have come under the “lapsed” category. MahaRERA issues notice to 10,773 ‘lapsed’ projects, MMR tops the list The notices have been issued to developers who have failed to update their project’s status and related information on …

MahaRERA issues show cause notices to around 11,000 lapsed housing projects, MMR tops the list
1 week ago

MahaRERA issues show cause notices to around 11,000 lapsed housing projects, MMR tops the list

Hindustan Times  

The Maharashtra Real Estate Regulatory Authority has initiated scrutiny of all lapsed housing projects and issued show-cause notices to around 11,000 such projects, most of which are in the Mumbai Metropolitan Region. MahaRERA has issued show-cause notices to around 11,000 lapsed housing projects, most of which are in the Mumbai Metropolitan Region. MahaRERA’s order issued in July 2022 also states …

Delayed possession: MahaRERA keeps registration of 1,750 lapsed real estate projects in abeyance
6 months, 1 week ago

Delayed possession: MahaRERA keeps registration of 1,750 lapsed real estate projects in abeyance

Hindustan Times  

The Maharashtra Real Estate Regulatory Authority on June 10 said that it has kept the registration of 1,750 lapsed real estate projects in Maharashtra under abeyance owing to delay in completion. These projects are spread across the state with 761 projects located in Mumbai Metropolitan Region followed by 628 real estate projects in Pune. MahaRERA said the projects are spread …

MahaRERA freezes accounts of 248 projects for non-compliance
1 year, 1 month ago

MahaRERA freezes accounts of 248 projects for non-compliance

Hindustan Times  

Mumbai: The Maharashtra Real Estate Regulatory Authority on Monday suspended the registration of 248 real estate projects for not complying with submission of quarterly progress reports. MahaRERA also sent notices under Section 7 of Real Estate Act to 224 out 443 projects registered with it in March 2023, asking them to comply within 30 days or face action. The 248 …

MahaRERA notices to 16,000 unresponsive projects
1 year, 8 months ago

MahaRERA notices to 16,000 unresponsive projects

Hindustan Times  

MUMBAI HT Image MUMBAI: Housing regulator Maharashtra Real Estate Regulatory Authority on Wednesday said it has started serving a second showcause notice to 16,000 out of the 19,500 registered projects which have not responded to the first notice sent in January urging them to update the relevant information about their projects and its progress. It is essential that home buyers …

MahaRERA notices to 261 projects with slow pace
1 year, 8 months ago

MahaRERA notices to 261 projects with slow pace

Hindustan Times  

MUMBAI HT Image Housing regulator MahaRERA has served show cause notices to 261 projects with completion dates of December 2023 but are less than 40 per cent complete by March, asking for explanation on how they plan to complete these in the next nine months. According to the data that emerged during the project monitoring exercise conducted by MahaRERA, 53 …

MahaRERA seeks help from SROs to assess lapsed projects
1 year, 11 months ago

MahaRERA seeks help from SROs to assess lapsed projects

Hindustan Times  

Mumbai: The Maharashtra Real Estate Regulatory Authority recently held its first meeting with four Self Regulatory Organisation of developers to seek their assistance in assessing accurate information about over 5,000 lapsed real estate projects across Maharashtra. HT Image Sanjay Deshmukh, former IAS officer and nodal officer for lapsed project with the housing regulator, chaired the meeting held last week at …

Discover Related