Maharashtra RERA: The strict action initiated by the regulator has prompted more than 222 projects or 46.25% out of 480 projects registered in the month of April 2023 to file their quarterly updates within the stipulated time limit.
Maharashtra Real Estate Regulatory Authority (MahaRERA) sees an increase in housing projects submitting Quarterly Progress Reports (QPR) preemptively, following strict regulatory measures. Out of 480 projects registered in April 2023, 46.25% comply with QPR requirements without notice. MahaRERA aims for 100% compliance, with the regulator suspending registrations of over 388 non-compliant projects in September.
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