49 PROJECTS IN KALYAN SCRAPPED BY MAHARERA

MUMBAI: In a suo moto action, the state housing regulator, the Maharashtra Real Estate Regulatory Authority (MahaRERA), has revoked the registration of 49 projects being probed in Kalyan RERA scam for allegedly submitting fake commencement certificates for “unfair trade practices”, and directed that their designated bank accounts associated with the projects be frozen. The order came after a joint hearing at the Bandra Kurla Complex headquarters of MahaRERA was held on October 28.