MC Explains | The difference between RERA-registered, #39;approved#39; and compliant projects

MC Explains | The difference between RERA-registered, #39;approved#39; and compliant projects

Some developers suggest their projects are RERA-approved when in fact they have only been registered with the real estate regulator and are not compliant with post-registration requirements





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The Maharashtra Real Estate Regulatory Authority (MahaRERA) plans to take action against developers who misrepresent facts in their sales and marketing campaigns by claiming that their projects are RERA approved even though they may not be compliant with the norms.

There are instances of developers registering their projects with the regulator but failing to submit documents that are mandatorily required to be filed quarterly.

MahaRERA said while such projects may be registered with the regulator and are marketed as such, they may not actually be RERA-compliant and action can be taken against such developers for misrepresentation, a senior MahaRERA official said, asking not to be identified.

Also Read: MahaRERA to have dedicated vertical for 4,500 stalled real estate projects in Maharashtra

What does RERA Act say?

According to Section 11 of the RERA Act, 2016, the promoter (developer) is required to set up a web page on the RERA website and enter all details of the proposed project in the fields provided for public viewing.

The developers are also expected to file quarterly updates on