MahaRERA issues notices to 261 projects with slow progress

Dated on: Friday 31st March 2023

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has sent 261 projects show cause notices because less than 40% of the work has been completed despite the flats' projected possession date of December 2023. There are 45,539 flats altogether in the developments, 26,178 of which have been reserved by house purchasers. As part of its monitoring effort, the regulatory authority has been reviewing projects that have been registered with it. MahaRERA has sent the developers show-cause warnings to find out how they plan to finish these projects in the following nine months.

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