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MahaRERA appoints intelligence agency to get real-time project information

Dated on: Friday 11th August 2023

The MahaRera authority has enlisted the services of a real estate intelligence agency with the aim of assisting its compliance cell in obtaining firsthand insights regarding real estate projects. This pertains specifically to projects that have lapsed, are facing financial strain, or have been neglecting their obligations to submit quarterly reports or adhere to regulatory standards. This agency will furnish MahaRera with an additional means of independently verifying the "current status of the project," encompassing the provision of on-site photographs depicting various stages of completion. Moreover, the agency will collaborate with MahaRera in implementing corrective measures against any project in which the developer furnishes inaccurate information or fails to provide any information at all.

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