India, May 4 -- MahaRERA has issued show-cause notices to 8,212 housing projects for failing to update their Quarterly Progress Reports (QPRs). If real estate developers do not respond within 60 days, project registrations may be cancelled or kept in abeyance, along with a penalty of Rs.50,000. The authority may also impose restrictions on advertising, marketing and sale of flats, and freeze bank accounts.

Of the total projects, 4,644 are from the Konkan and Mumbai Metropolitan Region, 2,311 from Pune, 511 from Khandesh, 483 from Vidarbha and 238 from Marathwada, MahaRERA said in a statement.

A total of 33,029 housing projects are currently at various stages of construction across Maharashtra.

Under the Real Estate (Regulation and Deve...