MahaRERA Imposes Rs 50-L Penalty On Unregistered Project In Goregaon West
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has been taking strict action against unregistered projects across the state. However, for the first time, the authority has slapped the highest-ever penalty on an unregistered project – Rs 50 lakh. The developer had not received an Occupancy Certificate (OC) for Wing A and B before May 1, 2017, violating Section 3 of the Real Estate (Regulation & Development) Act, 2016. So far, the authority has levied penalty ranging between Rs 50,000 and Rs 10 lakh.