Builders Without Qr Code In Ads May Be Fined By Maharera, Real Estate News, ET RealEstate

September 14, 2023

NAGPUR: As Maharashtra-Real Estate Regulatory Authority (MahaRera) has made it mandatory for builders to print a QR code for every project in their promotional documents, realtors says this has ensured transparency.

Sources at the Rera office in Nagpur said there have been no complaints so far. In case of a lapse, a builder can be charged a penalty ranging up to 5% of the project cost. The amount would depend on the gravity of each case. Buyers can complain if the QR code is not found in documents like brochures or advertisements or any other publicity material.

From August 1, Maha-RERA has made it mandatory for builders to generate a QR code for each of their project which has to be printed in every promotional document related to it. With this, buyers will be able to access all the relevant documents concerning a project just by scanning the code.

Gaurav Agrawala, president of Nagpur chapter of Confederation of Real Estate Developers of India, said builders too find it easy to comply. The code directs the buyer to the concerned builder’s page on the Rera website where all the relevant documents can be seen.

Scanning the code throws up information about project sanction, its dimensions, title of the land, and whether the site has any encumbrance, completion date to even the number of bookings till date. This covers all the information that is put up before the Rera at the time of registering a project.

It may not include personal information about the builder like data concerning his financial standing which has to be submitted before Rera also, to ensure that the realtor has the resources to complete a project. Even other buyers’ details would not be available.

Any document which publicizes a given project of a builder needs to have a QR code. If not, the builder is liable to be fined an amount ranging upto 5% of the project cost. The penalty would depend on the gravity of the lapse, said Sanjay Bhimanwar, deputy secretary and head of the office of the Rera, Nagpur.

The rule covers every type of paper that can be considered promotional material for a real estate project, he said. The idea behind it is to have a more user-friendly access to facts related to a project. Earlier, the Rera registration number had to be displayed. The details could be seen by logging in the registration number at the Rera website . However, not many buyers were conversant with this mode. Its expected to be much easy with the QR code, he said.

Anil Nair of Pioneer Constructions said builders have welcomed the move as it also makes it easy for the builder to share all the relevant details with a buyer. Sunil Duddalwar of M/s Himalaya Builders said the confederation of real estate developers of India (CREDAI) has supported the move.

  • Published On Sep 14, 2023 at 08:48 AM IST

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