Menu

Mumbai housing projects under scanner as MahaRERA cracks down on 8,000+ defaults
📰

Mumbai housing projects under scanner as MahaRERA cracks down on 8,000+ defaults

The Indian Express·Sabah Virani·6 months ago
#7PHk5ldp
Reading 0:00
15s threshold

The highest number of defaulting projects is in the Mumbai Metropolitan Region (MMR) and Konkan belt, accounting for 4,644 cases. (Express Photo)

The Maharashtra Real Estate Regulatory Authority has issued show-cause notices to 8,212 housing projects across the state for failing to upload mandatory quarterly progress reports for the January–March period, raising concerns over transparency and compliance in the real estate sector.

Of the 33,029 ongoing projects registered with the regulator, over 8,000 defaulted on filing quarterly progress reports (QPRs), which disclose key details such as number of flats sold, expenditure incurred, and any changes in construction plans.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.