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MahaRERA to issue notices to 18,000 real estate projects for failing to upload info

Notices are being issued to old as well as new projects by the Maharashtra Real Estate Regulatory Authority. These projects claim to be RERA registered but are yet to share information about their finances, work, and certificates to be RERA compliant, say officials.

The Maharashtra Real Estate Regulatory Authority will issue notices to more than over 18,000 real estate projects in Maharashtra over the developers’ failure to upload details like financial disclosures, CA certificates, and architect certifications on its website, MahaRERA officials have told. Notices had already been issued to 2,100 projects, officials said, adding those were issued to have all the works RERA complied.
“We see in advertisements where developers claim we are RERA registered, but it does not stop there. If you are RERA registered, you need to do RERA compliance too. This compliance entails uploading financial accounts, CA certificates, project work status, etc from time to time on the website of MahaRERA,” one of the officials said on condition of anonymity.