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Maha-Rera initiates actions against 120 developers in Pune and Mumbai

We are hearing cases against 120 out of the 300 developmental projects that was identified by the Maha-Rera. Hearing for the rest will also begin soon. It is mandatory for all developers to come under the purview of the Rera act said Gautam Chatterjee. Maharashtra real estate regulatory authority (Maha-Rera) identified 300 projects in Pune and Mumbai, as of May 2018, which were under development but had not got the required approvals from the agencies concerned. Strict action will be taken against developers who fail to abide by the Act and continue to work without seeking proper sanctions and approvals, Chaterjee said, adding that Rera courts will announce verdicts on these 120 cases in the next two months. Maha-Rera has so far received 9,000 emails from across the state on their official customer redressal email address, giving details of projects that have failed to abide by the Maha-Rera Act. Of these, 7, 000 emails have been validated by officials. A total of 25, 000 projects are registered under Rera across the country. With 16,200 realty projects covering around 18 lakh apartments registered with Maha-Rera, it is the leading real estate regulator in the country. At least 3,000 projects are registered in Pune.

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