The Maharashtra Real-Estate Regulatory Authority (MahaRERA) directed to display QR Codes of all registered housing projects, along with their registration numbers in all advertisements or social media display from August 1.
The authority stated issuing QR Code for registered projects in March. A homebuyer can scan the QR code and get vital information about the project such as the commencement and completion date, details of any complaints registered, besides necessary approvals. Also, modifications in approved plans and project renewals too are included in the QR code. Nearly 40,000 projects are registered with the MahaRERA.
Homebuyers are able to scan the QR code of any housing project and get immediate information rather than calling the builders or even visiting the developer’s website said RERA officials. Starting from August 1 these QR codes with the MahaRERA number and website must be prominently displayed in all advertisements related to housing projects.
A circular issued by MahaRERA emphasised the need for prominently featuring the QR code in all project-related advertisements across various platforms including newspapers, electronic media and social media channels like Instagram, Twitter and Whatsapp. This streamlined accessibility aims to empower customers in making informed decisions regarding their property investments.
MahaRERA officials said that under the RERA Act Developers are required to update project information on their website every 3-6 months. The inclusion of Form 5 a vital document showcasing the project’s current status, total cost, and other pertinent details on the project website annunally is mandatory. The introduction of QR Codes simplifies the process of users, allowing them to conveniently access the information from the comfort of their homes.
The implementation of QR Codes will help homebuyers and investors as previously many developers were not displaying this registration number as well as the website address of MahaRERA.
