Quarterly Progress Reports News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MahaRERA expressed grave concerns over 212 housing projects launched between January and April 2023 across Maharashtra for failing to provide construction updates, breaching regulations. The regulator published a list cautioning buyers. Pune led with 47 such projects, followed by Nashik and Palghar. MMR and Konkan regions topped the list. Despite notices and penalties, many developers haven't complied.

MahaRERA expressed grave concerns over 212 housing projects launched between January and April 2023 across Maharashtra for failing to provide construction updates, breaching regulations.

Real estate developers who have delayed or defaulted or are not intending to complete the projects, are the ones who are not filing the QPR and the AAR: HRERA

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.