MahaRERA fines 90 builders for ads without regn number
Levies Penalty Of ₹18.3L; 34 From Pune
90 developers from all over the state, including 34 from Pune, were fined Rs. 18.30 lakh by the Maharashtra Real Estate Regulatory Authority (MahaRERA) for running ads without registration numbers.
“These 90 builders are among the total of 197 developers who have been issued notifications for violation of the Real Estate (Regulation and Development) Act, 2016, with 52 of the other developers hailing from Mumbai and four from Nagpur.90 developers have received fines, but there are still hearings pending for the remaining ones, according to a senior MahaRERA official on Friday. MahaRERA officials claim that in several advertising, developers failed to properly or legibly mention the registration number in the required font size. To assist homebuyers in making an informed decision about investing in such developments, RERA requires that the developer prominently state the registration number in any advertisements they publish. The remaining developers would have been instructed to pay the fee as soon as possible, the source said. “We have already recovered Rs 11. 85 lakh from the developers,” he added. To pay the fines, the cases are heard not only at the Mumbai headquarters, but also at the regional offices in Pune and Nagpur.
Developers must pay the fine within 15 days, according to a previous MahaRERA stipulation. If the sum is not paid within the allotted time, an additional Rs 1,000 must be paid every day until the penalty has been paid. Furthermore, unless they pay the fine amount, they won’t be able to use MahaRERA services. The developers were fined between Rs 10,000 and Rs 1.5 lakh for violating the rule, depending on the amount of the marketing in newspapers and social media.
Any project (including apartments) that is more than 500 square metres in size or eight apartments must be registered with MahaRERA, according to RERA. Additionally, no developer may publish any form of ads for the project or accept reservations for it without a MahaRERA registration number.Consumer advocacy organisations have urged that the MahaRERA website also post the final list of developers who have violated the RERA law.