The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken a strong regulatory stance by issuing show cause notices to 8,212 housing projects across Maharashtra for failing to submit their Quarterly Progress Reports (QPRs) within the prescribed deadline. This move highlights the authority’s continued commitment to transparency, accountability, and homebuyer protection under the Real Estate (Regulation and Development) Act, 2016.
What Triggered the Action?
Out of 33,029 ongoing housing projects in the state, thousands failed to update their QPRs for the January–March quarter by the deadline of April 20. These reports are mandatory under Sections 3, 4, 5, and 11 of the RERA Act and include critical details such as:
Project financial status, construction progress, number of units sold, amendments in plans
MahaRERA observed that non-compliance directly impacts homebuyers, as QPRs serve as a key tool for tracking project status and ensuring informed investment decisions.
Strict 60-Day Deadline for Developers
Developers have been given 60 days to respond and update their QPRs. Failure to comply may result in severe penalties, including:
Cancellation or suspension of project registration, ₹50,000 penalty, freezing of bank accounts, restrictions on sale, marketing, and advertisement of flats
Additionally, authorities may direct the Joint District Registrar to halt property registrations in such defaulting projects.
Regional Breakdown of Defaulting Projects
The highest number of violations has been reported from:
Mumbai Metropolitan Region (MMR) & Konkan – 4,644 projects
Pune Region – 2,311 projects
Khandesh – 511 projects
Vidarbha – 483 projects
Marathwada – 238 projects
District-wise, Pune (1,957 projects) leads in non-compliance, followed by Thane (1,475) and Mumbai Suburban (1,263).
Why QPR Compliance is Critical
Under RERA norms, developers must maintain a dedicated project bank account, where 70% of buyer funds are deposited. Withdrawals are permitted only after certification via:
Form 1 (Engineer), Form 2 (Architect), Form 3 (Chartered Accountant)
These ensure that funds are used strictly for project development. Even if no funds are withdrawn, developers must still self-certify and disclose financial details.
Failure to comply with these provisions is treated as a serious violation, indicating potential risk to homebuyers.
MahaRERA’s Stand on Buyer Protection
MahaRERA Chairman Manoj Saunik reiterated that complete project transparency is non-negotiable. From project launch to completion, all relevant information must be accessible to homebuyers.
He emphasized that QPR compliance is not just a legal requirement but a responsibility towards buyers, and strict action will be taken against erring developers.
Impact on Homebuyers and Real Estate Market
This enforcement action sends a clear message to developers—compliance is mandatory. For homebuyers, it reinforces confidence that regulatory authorities are actively monitoring projects and taking action against violations.
At the same time, it serves as a reminder for buyers to verify project updates on the MahaRERA portal before investing.
Conclusion
The issuance of notices to over 8,000 projects marks one of the largest compliance crackdowns by MahaRERA. By enforcing QPR submissions strictly, the authority aims to ensure that homebuyers are never left in the dark about their investments.
Developers now face a crucial choice: comply within 60 days or face serious legal and financial consequences.
