By Bricksnwall | 2026-05-04
MahaRERA update: If there is no reply within
60 days, these projects may be terminated or put in abeyance with a penalty of
Rs 50,000.
MahaRERA has served show cause notices to
8,212 housing projects for not uploading its Quarterly Progress Reports (QPRs).
If the real estate developers do not answer within a period of 60 days, the
project registrations may be revoked or kept in abeyance with a penalty of
₹50,000. The authority can also restrict advertising, marketing and sale of
flats and freeze bank accounts.
Of them, 4,644 are from Konkan and Mumbai
Metropolitan Region, 2,311 from Pune, 511 from Khandesh, 483 from Vidarbha and
238 from Marathwada, MahaRERA said in a statement.
Maharashtra has 33,029 housing projects under
construction at various levels.
Under the Real Estate (Regulation and
Development) Act, 2016, developers have to register their projects and upload
Form 1, 2 and 3 on the Maharashtra Real Estate Regulatory Authority (MahaRERA)
website on a quarterly basis. The documents specify the number of flats and
garages registered, monies received, expenditure incurred and revisions to the
building plan of the project.
The regulations stated that progress reports
for the January–March quarter were to be updated by April 20. However, out of
33,029 projects, 8,212 failed to submit their Quarterly Progress Reports (QPR)
in time, which MahaRERA took seriously and called it a lapse.
QPRs are important for present and
prospective homebuyers as they provide the latest updates on the development of
a project, the authority said in a statement.
MahaRERA has served show cause notices to all
developers who have breached the terms of the RERA Act for not filing their
Quarterly Progress Reports (QPRs).
Erring builders have been notified and given
60 days to respond and revise the pending filings. In case, they fail to do so
in this period, stern action including cancellation of project registration or
keeping it in abeyance on the ground of indifference towards homeowners as well
as violation of their rights may be taken by the government.
Under the move, bank accounts associated with
such ventures might be frozen and limits on advertising and promotion could be
put in place. MahaRERA can also direct the Joint District Registrar to stop
registration of sale and purchase deals in these projects. It stated that the
infraction also invites a penalty of Rs 50,000.
MahaRERA has issued show cause notices to all
developers who have defaulted in filing their Quarterly Progress Reports (QPRs)
under the provision of RERA Act, 2016.
The erring builders have been contacted and
given 60 days to respond and alter the pending filings. In case they fail to do
so in this period, serious action including cancellation of project
registration or keeping it in abeyance on the pretext of indifference towards
home owners as well as infringement of their rights may be taken by the
government.
As part of the effort, bank accounts linked
to such companies could be frozen and advertising and marketing could be
limited. MahaRERA can also ask the Joint District Registrar to suspend
registration of sale and purchase transactions of these projects. It said the
violation also attracted a penalty of Rs 50,000.
Where are the projects?
Region-wise, the highest concentration of
non-compliant developments is in Pune district with 1,957. In the Mumbai
Metropolitan Region, including Konkan, there are 4,644 projects, of which 1,465
are in Thane and 1,263 are in Mumbai Suburban. In Khandesh, Nashik has 451
projects and Nagpur has 391 in Vidarbha. Marathwada: Chhatrapati Sambhaji Nagar
has 185 similar projects
MahaRERA imposes severe disclosure standards
on developers
Apart from Sections 3, 4, 5 and 11 of the
RERA Act, Order No. 33/2022 dated July 5, 2022 (Categories 1-4) also requires
developers to post project details on the MahaRERA website in a prescribed
format within specified timescales on a quarterly and annual basis. These
disclosures are important for purchasers since they include critical
information including changes in approved building plans, project status,
number of plots, flats and garages registered and revenue collected.
Another important condition is about the
MahaRERA registration number under which each project has to have a separate
bank account. There should be a deposit of at least 70 per cent of the booking
amount received from homebuyers in this account. Withdrawals will be allowed
only on submission of Forms 1, 2 and 3 verified by the engineer, architect and
chartered accountant of the project indicating progress of construction and
expected cost. These forms are also need to be filed with MahaRERA.
In a quarter where no funds are taken,
developers have to self-certify the amount placed in the account for the quarter
and upload the certificate on the MahaRERA portal, the statement said.
All these compliances are disclosed to the
developers at the time of registration of the project and are explicitly
mentioned in the registration certificate. Nevertheless, as many as 8,212
projects out of 33,029 have neglected to update their QPRs on the MahaRERA
portal. The administration has sent show-cause notifications to the defaulting
developers under section 7.
“The authority is committed to safeguarding
the interests of homebuyers and ensuring that they are not duped in any way,”
said MahaRERA chairman Manoj Saunik. He said all information that a project
developer has from when the project began until it was completed should also be
provided to homebuyers. To ensure this MahaRERA monitors real estate industry
at numerous levels under the existing regulatory requirements.
Source: Hindustan Times