scorecardresearch
Thursday, Mar 28, 2024
Advertisement
Premium

MahaRERA suspends 52 projects, declares list on site

The action has been taken with a recent case being brought to its notice by KDMC after a few developers were found to have forged the property documents, with no proper land survey number among other discrepancies.

KDMC had also filed complaints against these developers for cheating under Section 420 of Indian Penal Code.  (Representational/File)KDMC had also filed complaints against these developers for cheating under Section 420 of Indian Penal Code. (Representational/File)

The Maharashtra Real Estate Regulatory Authority (MahaRERA) on October 3 issued a list of 52 projects that have been suspended or de-registered. These projects are mostly in the jurisdiction of Kalyan Dombivli Municipal Corporation (KDMC) in Mumbai Metropolitan Region.

The action has been taken with a recent case being brought to its notice by KDMC after a few developers were found to have forged the property documents, with no proper land survey number among other discrepancies. In fact, KDMC had also filed complaints against these developers for cheating under Section 420 of Indian Penal Code.

A well-known developer from Mumbai, who did not wish to be named, said that after getting projects registered under MahaRERA, many developers use that registration to attract buyers. There are projects of developers who haven’t updated their project details for long time. “Homebuyers show interest in RERA-registered projects. It brings confidence. However, several developers are found taking undue advantage of it. To stop this, the action of suspension of projects has been taken by MahaRERA,” he said.

First uploaded on: 04-10-2022 at 04:47 IST
Latest Comment
Post Comment
Read Comments
Advertisement
shorts
Maguntas
Political PulseUpdated: March 28, 2024 20:11 IST

Away from the national capital’s courtroom where the case against Chief Minister Arvind Kejriwal is playing out, two key figures embroiled in the excise policy case – four-time MP Magunta Srinivasulu Reddy and his son Raghava Magunta Reddy – are busy campaigning for BJP ally Telugu Desam Party (TDP)

Advertisement
Advertisement
Advertisement
close