Significant Violations of Housing Regulations in Maharashtra: One-Fourth of Projects Non-Compliant
One-fourth housing projects in Maharashtra run foul of RERA law
Hindustan Times
Image: Hindustan Times
In Maharashtra, India, approximately 25% of ongoing housing projects have received show cause notices for failing to comply with the Real Estate (Regulation and Development) Act, 2016. The Maharashtra Real Estate Regulatory Authority (MahaRERA) has mandated that developers update project statuses quarterly, with 8,212 projects failing to meet the April 20 deadline.
- 01One-fourth of housing projects in Maharashtra are non-compliant with regulatory requirements.
- 02A total of 8,212 projects failed to update their status by the April 20 deadline.
- 03Pune district has the highest number of defaulting projects at 1,957.
- 04Developers have 60 days to respond to show cause notices or face severe penalties.
- 05MahaRERA emphasizes the right of homebuyers to access project information.
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In Maharashtra, India, about 25% of the 33,029 ongoing housing projects have been issued show cause notices by the Maharashtra Real Estate Regulatory Authority (MahaRERA) for not complying with the Real Estate (Regulation and Development) Act, 2016. Specifically, 8,212 projects failed to provide required updates by the April 20 deadline, including details on registered flats, funds received, and construction plan amendments. The highest number of violations occurred in Pune district, with 1,957 projects defaulting, while the Mumbai Metropolitan Region had 4,644 non-compliant projects. Developers have been given 60 days to respond to these notices, and failure to comply could lead to severe actions such as project registration cancellation or freezing of bank accounts associated with the projects. MahaRERA chairman Manoj Saunik stressed the importance of transparency for homebuyers, stating that the authority will take strict measures against developers who do not adhere to reporting requirements.
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The failure of developers to comply with regulations may lead to delays in housing availability and potential financial losses for homebuyers.
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