MahaRERA has fined 12 developers, who had issued advertisements of their projects in newspapers, without mentioning its registration numbers, Rs5.8 lakh.
After taking cognisance of the advertisements, MahaRERA issued ss moto notices to the promoters 54 projects in the state. Its officials will now monitor project advertisements on social media platforms too and developers, who advertise on there without MahaRERA registration numbers, will be penalised.
The fine amounts imposed on the 12 developers vary. One was fined Rs10,000 for publishing an advert, which mentioned the registration number in a small font. Of the 12 developers, one is from Mumbai, while the rest are from Pune, Nashik and Aurangabad.
“The fine amounts are roughly commensurate or proportionate to the size and cost of the advertisement that they have issued in the newspapers,” said a MahaRERA official. The highest fine of Rs1.5 lakh was imposed on Roongta Buildcon from Nashik. Interestingly, 11 of these developers had MahaRERA registration numbers, but did not mention them in their advertisement.
Of the 54 projects in the state, MahaRERA heard 15 of these projects in the first phase and took action against 12 projects.
According to the Real Estate Act, any project having land area of more than 500 square meters, or eight flats has to be registered with MahaRERA and the registration number has to be mentioned in any advertisement of the project.