MahaRERA will initiate suo moto action against projects that are advertised without registering with it. It has come to their notice that advertisements of projects are being published in newspapers without mentioning the MahaRERA registration number. Home buyers have been advised against investing in projects without MahaRERA registration numbers.
As per the officials, promoters of projects have been issuing advertisements of the projects in newspapers without mentioning the MahaRERA registration number and they believe that they have not mentioned the number, as the projects are not registered with it.
MahaRERA has taken serious notice of these irregularities and action is being taken against them by sending notices to these projects.
“The Real Estate (Regulation and Development) Act mandates that developers cannot advertise a project, register, sell units in that project without registering with MahaRERA.”
However, certain developers have advertised without the registration number and in some cases mentioned that it’s registered without the number.
The Act mandates that any project of over 500 square metres or eight flats is required to be registered with MahaRERA.