The Maharashtra Real Estate Regulatory Authority fined Rs. 1.20 lakh to a real estate agency based in Chembur (Mumbai) and asked the same to apologise for violating the rules of RERA. The agency advertised an unregistered project by showcasing it as a registered project with the RERA thus violating rule 14 of the registration regulation and sections 9 and 10 of the Act.
As per the news published by us on 5th June 2017, Varsha-Raut, Head of Advocacy & Campaigns, Mumbai Grahak Panchayat raised the issue after Haware Builder put up an advertisement about their project in Thane in a Marathi newspaper on June 1st, 2017.
According to Gautam Chatterjee , Chairman of Maharashtra RERA, the builders have to register their projects and brokers have to register themselves with the authority before 31st July 2017. Realtors who will violate the rules and will use any unambiguous way of doing business will surely come under in the list of defaulters and the authority will take strict action against them. All the real estate agents and developers must learn a lesson from this action, he added.
The Maharashtra RERA issued a show cause notice to Sai Estate Consultant after it published a misleading advertisement and asked to appear before the Authority on 5th June 2017. It was the first ever notice issued by the newly formed Maharashtra Real Estate Regulatory Authority .
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