Suo motu action by MAHARERA

Dated on: Wednesday 11th September 2019

Using the powers under Section 35 of the RERA Act, 2016, the MAHARERA decided to take suo motu cognizance against 2 real estate agencies based in Pune and Kalyan for facilitating the sale of unregistered projects. The two agencies, namely Wisteria Real Vision Pvt. Ltd. and Mystica India have been fined with Rs. 80,000 and Rs. 40,000 respectively. For real estate agents, it is mandatory to sell the unregistered projects and hence necessary actions were taken against them.

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