MahaRERA has imposed a fine of Rs 1,20,000/- on Sai Estate Consultant, regd RERA Agent, for advertising unregistered Real Estate project of Haware Builders and thereby misleading the consumers. The Agent has also been asked to tender apology and restrain from indulging in such misleading ads.
MGP had brought these ads to the notice of MahaRERA on which suo motu action has been taken by MahaRERA.
MGP welcomes this bold order by the MahaRERA and hope all builders & est agents will learn lesson from this order, which is first of its kind under newly legislated RERA Act.