Over 2,300 Property Documents Found Violating MahaRERA Norms
More than 2,300 property documents in registration offices across Pune, Mumbai, and Thane have been found violating MahaRERA norms and the state’s Fragmentation Act over the past few months, following a scrutiny initiated by the Inspector General of Registration and Controller of Stamps (IGR). A special three-member squad reviewed over 50,000 property documents from 2020 to 2022 and discovered that violations in 300 documents related to the Maharashtra Real Estate Regulatory Authority (MahaRERA) Act, while others breached different regulations. Senior officials indicated that the violations have resulted in a revenue shortfall of around ₹500 crores due to undervaluation, which led to reduced stamp duty and registration fees. The final report from the IGR will guide subsequent actions, including issuing fines to the individuals involved.
The scrutiny aimed to curb malpractices in property registrations, with ongoing checks across all 550 offices in Maharashtra to ensure compliance with the Real Estate (Regulation and Development) Act (RERA), 2016, and the Maharashtra Prevention of Fragmentation and Consolidation of Holdings Act, 1947. Additional inspections are planned statewide once the assembly election is over, and there is a demand for a dedicated cell to carry out such inspections regularly. The process faced delays earlier due to staff involvement in election duties, but the efforts will continue post-election to address remaining discrepancies.
Similar News
Monsoon Deluge Exposes PMC Road Repair Failures
28 Sep 2023
Amnesty Scheme to Reduce Stamp Duty Deficit
02 Dec 2023
Historic Bhide Wada Set for Redevelopment by PMC
06 Dec 2023
PMC Approved Bus Bay on Nagar Road
12 Dec 2023
PMC Phased Approach to Repair 40 Aging Bridges
08 Jan 2024
Long Weekend से Pune-Satara Highway पर लगा लंबा!
27 Jan 2024
आखिर कब Open होगा Pune Airport का New Terminal?
06 Feb 2024
Pune Areas to Experience Water Shortage Tomorrow
07 Feb 2024
PMC demolishes 29 Hilltop Properties
09 Feb 2024
PMC under scrutiny for repeated budget inflation
03 Apr 2024
Pune Battle Against Rising Garbage-Related Fires
08 Apr 2024
IMD Warns Dry Conditions Challenge 125 Districts
19 Apr 2024
Residents Sweat Through Frequent Power Outages
28 Apr 2024
BSI to Open New Botanical Garden in Mundhwa
27 Aug 2024
