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Maharashtra: 7,000 erring developers fall in line with RERA rules

MahaRERA served non-compliance notices to over 19,500 developers and most haven’t responded, chairman says they’ll face action

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At present, there are 39,373 projects in the MahaRERA records. Representation pic

At present, there are 39,373 projects in the MahaRERA records. Representation pic

Nearly 40 per cent erring developers have abided by the Maharashtra Real Estate Regulatory Authority (MahaRERA) rules since being issued notices in January for non-compliance, shows official records. MahaRERA issued notices for failure to update their project details, like financial disclosures, CA and architect certificates on their respective websites, to 19,539 developers and over 7,000 of them have written back to the regulator.

The developers were given 30 days to respond, however, many haven’t even three months later. MahaRERA chairman Ajoy Mehta told mid-day, “We are scrutinising the responses received so far. We will initiate appropriate action against those who have failed to comply with the notice.”

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