MahaRERA Issues Notices to 8,212 Projects for Failing to Update QPRs

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has launched a major enforcement drive by issuing show-cause notices to 8,212 housing projects across the state. This action follows the failure of these developers to update their mandatory Quarterly Progress Reports (QPRs) for the January–March 2026 quarter by the prescribed deadline of April 20. Out of the 33,029 housing projects currently under construction in Maharashtra, nearly one-fourth are now facing potential regulatory penalties for non-compliance.

Regional Distribution of Defaulters

The non-compliant projects are spread across various key real estate hubs in Maharashtra, with a significant concentration in the state's most active markets:

• Mumbai Metropolitan Region (MMR) & Konkan: These areas account for the highest number of defaults with 4,644 projects, including 1,465 in Thane and 1,263 in Mumbai Suburban.
• Pune District: A major hotspot for non-compliance, recording 1,957 defaulting projects.
• Other Regions: Khandesh recorded 511 defaults (primarily in Nashik), Vidarbha saw 483 (mostly in Nagpur), and Marathwada recorded 238.

Legal Requirements and Disclosure Norms

Under the Real Estate (Regulation and Development) Act, 2016, and specific MahaRERA orders, developers must quarterly upload Forms 1, 2, and 3. These certified documents must detail the number of registered units, funds received, expenditure incurred, and any changes to the approved building plans. These disclosures are vital for ensuring that 70% of homebuyer funds are maintained in dedicated project accounts and used solely for construction-related activities.

Consequences for Non-Compliance

MahaRERA has granted erring developers 60 days to respond and update their pending filings. Failure to comply within this period may trigger severe punitive measures, including:

• Registration Penalties: Cancellation of project registration or keeping it in abeyance, which halts all legal operations.
• Financial & Sales Restrictions: Freezing of project-linked bank accounts and a total ban on the advertising, marketing, and sale of apartments.
• Direct Fines: An immediate penalty of ₹50,000 for the violation of reporting deadlines.

Protecting Homebuyer Interests

MahaRERA Chairman Manoj Saunik emphasized that these progress reports are crucial tools for homebuyers to monitor the real-time status of their investments. The authority maintains that all information available to a developer should be equally accessible to the buyers to prevent fraud and ensure timely delivery. Saunik warned that the regulator will not hesitate to take the "unpleasant" step of cancelling registrations if developers continue to show indifference toward their legal obligations and homebuyer rights.

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