More than 1000 registrations after deadline Of MahaRERA , Penalty imposed.


By Accommodation Times Bureau

Mumbai: After the deadline for Real Estate Regulatory Authority (RERA) lapsed, the number of online projects registered with MahaRERA on August 4 has touched 11,620 which is up by more than 800.

Till July 31, the number of registrations within the three month deadline stood at 10,582. Whereas the committee made a decision of imposing a penalty of Rs 50,000 per project on the 480 projects registered on August 1 and 2. The decision about the penalty on registrations which came in on August 3 and 4 will be taken in another meeting of the committee.

Officials from MahaRERA confirmed that registrations will be allowed, but the decision on the penalty and whether or not the developers will be issued a certificate will be taken by the committee.

Meanwhile, MahaRERA on August 4 also took charge as regulator for the union territories of Daman and Diu, and Dadra and Nagar Haveli.

With 8-9 complaints registered from the main city areas against projects registered under RERA, the officials stated that would follow the course of the complaint as has been specified by MahaRERA. The website has clearly stated the course of complaints registered by paying an Rs 5,000 fee, and those that come through source, said MahaRERA officials.


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