MahaRERA Issues Notices to 8,212 Projects for QPR Non-Compliance

Mumbai/Pune : In a major compliance push, 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.

MahaRERA Chairman Manoj Saunik said the authority remains committed to protecting homebuyers’ interests and ensuring transparency in the real estate sector. “All information available to developers must also be accessible to homebuyers. MahaRERA is closely monitoring compliance at multiple levels. If developers fail to submit quarterly progress reports despite repeated follow-ups, we will not hesitate to cancel or suspend project registrations,” he said.

He added that such situations should ideally not arise, urging developers to adhere strictly to regulatory requirements. Developers have been given 60 days to respond and upload the pending reports. If they fail to comply, MahaRERA may cancel or keep the project registrations in abeyance and impose a penalty of Rs 50,000. Additional restrictions may include a ban on advertising, marketing and sale of flats, freezing of project bank accounts, and directions to authorities to halt property registrations in such projects.

Across Maharashtra, 33,029 housing projects are currently under various stages of construction. Under the Real Estate (Regulation and Development) Act, 2016, it is mandatory for developers to register projects and upload Forms 1, 2 and 3 every quarter on MahaRERA’s website. These forms provide key details such as the number of flats and garages sold, funds received, expenditure incurred, and any changes to the approved construction plans.

For the January–March quarter, developers were required to update QPRs by April 20. However, 8,212 projects failed to meet the deadline. MahaRERA said it has taken serious note of the non-compliance, as QPRs are crucial for homebuyers to track project progress and financial transparency.Breaking news alerts

The authority stated that failure to update QPRs amounts to a violation of Section 7 of the RERA Act and undermines the rights of homebuyers. As a result, strict action may be initiated against erring developers if compliance is not ensured within the given timeframe.

Region-wise, the highest number of non-compliant projects are from the Mumbai Metropolitan Region (MMR) and Konkan, accounting for 4,644 projects. The Pune region follows with 2,311 projects, including 1,957 in Pune district alone. Other regions include Khandesh (511 projects), Vidarbha (483), and Marathwada (238).

In MMR and Konkan, Thane leads with 1,465 projects, followed by Mumbai Suburban (1,263) and Raigad (842). In Khandesh, Nashik accounts for 451 projects, while in Vidarbha, Nagpur tops the list with 391 projects. In Marathwada, Chhatrapati Sambhaji Nagar has 185 such projects.

MahaRERA reiterated that compliance requirements under Sections 3, 4, 5 and 11 of the Act, along with Order No. 33/2022, mandate timely and accurate disclosure of project details on a quarterly and annual basis. These include updates on construction progress, approved plan changes, number of units sold, and financial details.

The authority also highlighted the importance of maintaining a dedicated project bank account, where 70 percent of the funds collected from homebuyers must be deposited. Withdrawals are permitted only after certification by the project’s engineer, architect and chartered accountant, confirming construction progress and expenditure.

Despite these clearly defined norms, thousands of developers have failed to comply, prompting regulatory action. MahaRERA has appealed to all developers to comply within the stipulated period and to homebuyers to verify project details on its official portal before making any investment decisions.