49 Projects From City Get Maharera Notices For Not Displaying Qr Codes, ET RealEstate

September 30, 2023
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PUNE: The state real estate regulatory authority has issued show-cause notices to 74 projects, of which 49 are from the city, across the state for not displaying the mandatory QR codes at the time of advertisement and promotion on social media.

The Maharashtra Real Estate Authority (MahaRERA) has identified 107 projects that violated guidelines. The authority, from August 1, had made it mandatory for developers to display QR code to give information about the project being advertised.

A homebuyer can scan the QR code and get vital information like commencement and completion date, details of complaints, besides necessary approvals. Also, modifications in approved plans and project renewal, are included, MahaRERA officials said. They said hearing has been completed in 25 cases and in six cases, a penalty of a total of Rs 2 lakh has been levied on the violating projects.

The remaining 33 projects will be issued notices soon, they added.

Around 42,000 projects are currently registered with the MahaRERA.

The circular issued emphasized the need for prominently featuring the QR code. This streamlined accessibility aims to empower customers to make informed decisions regarding property investments.

Officials said under the RERA Act, developers are required to update project information on their websites every three to six months.

The inclusion of Form 5, a vital document showcasing the project’s current status, total cost, and other pertinent details, on the project website annually is mandatory.

“The QR codes will help investors as previously, many developers were not displaying the registration number as well as the website address. It was difficult for citizens to access information uploaded on the website,” said Netra Pathak, a consumer who recently invested in a project after scanning the QR code on the project advertisement.

  • Published On Sep 30, 2023 at 09:13 AM IST

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