Lokmat News Network
MUMBAI: For proper completion of registered housing projects, it is mandatory to have one bank account for one registration number project. However, 1781 housing projects have linked their bank accounts to more than one project. As a result, Maharera has issued show cause notices to 45 builders taking notice of this, and show cause notices will also be issued to the rest of the projects.
Mahrera has launched a crackdown on housing projects and will be arrested if he tries to link one project’s bank account with another project’s bank account to prevent future incidents. Because now such changes have been made in the computer system. Moreover, now if the builder tries to change the mutual account, that will not happen. Because Maharera has issued a new order making prior permission essential for this change.
Small and large housing projects are underway in the state. Maharera has taken steps for fine-tuning of these projects. Financial transactions related to the projects are closely controlled by Maharera.
Last week, Maharera has flagged 313 projects and started inspecting them. Show cause notices have already been issued to all these 313 projects. They are being investigated.
After studying the information submitted by the builders to Maharera, Maharera has highlighted the irregularities. A show cause notice has been issued in view of the irregularities.