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Maharashtra: MahaRERA issues notices to 8,212 projects for failing quarterly updates

MahaRERA has issued show-cause notices to 8,212 housing projects across Maharashtra for failing to submit mandatory quarterly progress reports. Developers face penalties, project suspension, or cancellation if they fail to comply within 60 days

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Representational image. File pic

Representational image. File pic

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued show-cause notices to 8,212 housing projects across the state for failing to update their Quarterly Progress Reports (QPRs) within the stipulated deadline, raising concerns over transparency and homebuyer protection.

According to MahaRERA, Maharashtra currently has 33,029 registered housing projects in various stages of construction. Under the provisions of the Real Estate (Regulation and Development) Act, 2016, developers are required to upload detailed progress reports every quarter, including financial disclosures, construction updates, and any changes to approved plans.

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