[ad_1]
Mumbai, Maharera Will initiate suo moto action against projects advertised without registration. It has come to his 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.
According to officials, the promoters of the projects are 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 these irregularities seriously and action is being taken against them by sending notices to these projects.
“The Real Estate (Regulation and Development) Act states that developers cannot advertise a project, register, sell units in that project without registering with MahaRERA.”
However, some developers have advertised without registration number and in some cases have mentioned that it is registered without number.
The Act states that any project with an area of more than 500 square meters or eight flats is required to be registered with MahaRERA.
[ad_2]
Source link