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MahaRERA issues notices to 584 developers for non-update of quarterly information

Dated on: Tuesday 9th May 2023

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued show-cause notices to more than 584 housing project promoters for failing to update project-related information after their details were registered in January. This action has been taken in relation to a total of 746 new housing projects that include about 50,288 flats and have a registered value of nearly Rs 22,449 crore. MahaRERA provides accurate information on various housing projects, including their status, costs, and other important factors, which can be easily accessed through the regulator's portal, empowering homebuyers by ensuring that developers and builders comply with regulatory directives.

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