MahaRERA slaps penalty on Nagpur’s Nirmal co-operative society
In a stern warning to builders failing to register their projects under the Real Estate (Regulation and Development Act), 2016, the Maharashtra Real Estate Regulatory Authority (MRERA) slapped a hefty penalty of Rs 6 crore on Nirmal Ujjwal Credit Cooperative Society Limited.
Member BD Kapadnis of Mumbai-based MRERA sternly directed the society promoted by Pramod Manmode to register their Nirmal Nagari project at Mouza Harpur on Ring Road here within three weeks.
This is the first time in Maharashtra that such a huge cost was imposed on the builder, said head of RERA’s Nagpur division Girish Joshi. Also read http://realtyplusmag.com/npa-recognition-likely-to-get-prolonged-till-fy20-2/
After receiving a complaint in this regard from Nirmal Nagari resident Pranali Puttewar, Joshi and his team conducted investigations and found that Manmode had failed to register his huge township spread over 17.4 acre with MRERA.