MahaRERA issues notices to 8,212 developers over missing quarterly progress reports of housing projects in Maharashtra

Maharashtra is currently witnessing construction activity across 33,029 housing projects, but thousands of developers have failed to comply with mandatory reporting requirements under the Real Estate (Regulation and Development) Act

Mumbai | 07 May 2026: According to MahaRERA, developers are legally required to update detailed quarterly progress reports for every ongoing housing project. These updates must include structured disclosures on the number of flats and garages booked, funds received, expenditure incurred, and any changes made to approved building plans. The information is submitted through prescribed forms 1, 2, and 3 on the regulator’s online platform, ensuring transparency for homebuyers and real-time tracking of project status.

For the January-March quarter, developers were required to update their reports by 20 April. However, out of 33,029 ongoing projects in the state, 8,212 failed to submit the required disclosures on time, prompting MahaRERA to initiate regulatory action. Pune district reported the highest number of non-compliant projects at 1,957.

The authority has issued notices under Section 7 of the RERA Act, giving developers 60 days to respond. If satisfactory explanations are not provided within the given timeframe, MahaRERA may suspend or cancel project registrations. Such action can lead to freezing of project bank accounts, restrictions on advertising and marketing activities, and directions to sub-registrars to halt registration of sale and purchase transactions related to the affected projects.

Additionally, developers may be required to pay a penalty of ₹50,000 to regularise compliance. The regulator emphasized that the reporting mechanism is designed to ensure that homebuyers have access to accurate and timely information about ongoing projects from the comfort of their homes.

Under the compliance framework, developers must maintain a separate bank account for each registered project, into which 70% of customer payments are deposited. Withdrawals are permitted only after certification by the project engineer, architect, and chartered accountant, confirming the progress of work and estimated cost requirements. These certifications form part of the mandatory quarterly disclosures submitted through the prescribed forms. If no funds are withdrawn during a quarter, developers are still required to submit a nil statement along with a self-certified declaration of funds deposited in the project account. MahaRERA has reiterated that strict enforcement of these rules is essential to maintain transparency, protect homebuyer interests, and ensure accountability in Maharashtra’s real estate sector.

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