MahaRERA acts on 50% of complaints registered with it The Maharashtra...

MahaRERA acts on 50% of complaints registered with it

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has heard 900 of the 1,800 complaints registered with it and levied Rs 50,000-10,00,000 lakh on developers for rule violations between August last year and this February.
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MahaRERA

A recent assessment of the cases uploaded on the MahaRERA website stated this. “We have a 50% record in hearing the cases. With the conciliation bench to be operational from March 10, the number of cases coming to us will reduce,” said a MahaRERA official.

“Of the complaints registered with us, we did not hear those that are not under our jurisdiction. For others, we have passed orders pertaining to each case. We have levied fines from Rs 2 lakh to Rs 10 lakh, depending on the violation,” he said.

According to officials, some projects paid a penalty of Rs 50,000 each. Penalty of Rs 1 lakh each and Rs 10 lakh each was levied on a few projects. “The rest paid fines between Rs 2 lakh and Rs 10 lakh,” said another official.

At present, MahaRERA has 15,000 projects registered with it. The Real Estate (Regulation and Development) Act, 2016 mandates builders to register their projects with the housing authority to ensure that homebuyers are aware of their details. The last day for registration of ongoing projects was 31 July, 2017. The authority under the act has the right to penalize a developer up to 10% of the project cost for delayed registration.

Read More: Builders rapped by MahaRERA for failing to provide flats on time

Consumer forums have raised objections to the projects not yet registered with MahaRERA. “It is time that MahaRERA conducts its own survey and penalizes such projects. The formation of the conciliation panel dissuaded many flat buyers from registering their complaints with MahaRERA,” said Vijay Sagar of Akhil Bharatiya Grahak Panchayat.

The Telangana government has constituted a panel to study the administrative set-up and functioning of MahaRERA.

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