RERA was implemented in May, 2017 by the government of India to regulate the real estate sector. After the passing of the said act a real estate regulatory authority was also formed in respective states. The Maharashtra real estate regulatory authority started a complaint window and nearly 57 home buyers and consumers have registered complaints against different developers across the state. A senior official said that majority of the complaints have been registered against realty projects in Pune.
The complaint window allowed residents of unregistered projects to notify their complaints to the authority for free till July 31, whereas, the authority takes Rs. 5000 to register the complaints of registered projects. A RERA official said that once the complaint details of projects have been registered, the authority will take up a suo moto case.
He said, “The complaint results can lead to termination of the registered projects. Also, fines can be levied till five per cent of the entire project costs after which punitive action will be taken against the developers.” For the time being, 12,750 applications for project registration have been received by MahaRERA from developers across the state.
A senior RERA official said, “Out of these, we have issued registration certificates to 10,500 projects. The officials are directed to verify all the details submitted by the developer. The process will take some more time.” The projects will be approved by authorities which will involve verifying the facts of the project details provided by the developer. Thereafter, more than 2,000 developers are fined who have registered their projects post RERA deadline.