Overview
- MahaRERA issued show-cause notices Monday to 8,212 of 33,029 ongoing projects after they missed the April 20 deadline for January–March quarterly progress reports.
- Developers have 60 days to file, with possible ₹50,000 fines, suspension or cancellation of registrations, and bans on advertising and sales for those who ignore the order.
- The regulator can also freeze dedicated project bank accounts and ask sub-registrars to stop registering sale deeds in defaulting projects.
- Non-compliance is concentrated in the Mumbai Metropolitan Region and Konkan with 4,644 projects, followed by the Pune region with 2,311, including 1,957 in Pune district.
- QPRs disclose sales, money received and spent, construction progress, and plan changes, and RERA also requires 70% of buyer funds to stay in a project account that can be used only after certified updates.