MahaRERA may impose fines on contractors who fail to include QR codes in their ads.

NAGPUR: Realtors claim that since the Maharashtra- Real Estate Regulatory Authority (MahaRera) mandated that builders print a QR code for each project in their advertising materials, transparency has been guaranteed.

There have not yet been any complaints, according to sources at the Rera headquarters in Nagpur. A builder may be penalized up to 5% of the project cost in the event of a lapse.

The sum would vary according to how serious each instance was. If the QR code is absent from papers like brochures, advertising, or other promotional materials, customers may object.

Beginning on August 1, Maha-RERA has made it necessary for contractors to create a QR code for each of their projects, which must be placed in all relevant promotional materials. By scanning the code, customers will be able to access all the pertinent papers pertaining to a project.

Builders also find it simple to comply, according to Gaurav Agrawala, president of the Confederation of Real Estate Developers of India’s Nagpur chapter. The code leads the customer to the applicable builder’s page on the Rera website, where they can view all pertinent paperwork.

Reading the code reveals details about the project’s approval, size, land ownership, the presence of encumbrances on the site, completion date, and even the total number of reservations made thus far. This includes all the data that is presented to the Rera when registering a project.

It is not permitted to contain private information about the builder, such as his financial situation, which must be disclosed to Rera as well in order to verify that the realtor has the funding necessary to finish a project. Even information about other buyers wouldn’t be accessible.

Any document that promotes a specific construction project must have a QR code. If not, a fine of up to 5% of the project cost may be imposed on the constructor. Sanjay Bhimanwar, deputy secretary and head of the Rera’s office in Nagpur, indicated that the punishment will depend on how serious the error was.

Every kind of paper that could be used as advertising for a real estate project is covered by the rule, according to him. Its purpose is to make it easier for users to get project-related facts.

Earlier, it was necessary to present the Rera registration number. By entering the registration number on the Rera website, the information could be viewed. However, few customers were familiar with this mode. With the QR code, he predicted that it would be considerably simpler.

Builders have welcomed the change, according to Anil Nair of Pioneer Constructions, because it also makes it simple for the builder to provide a buyer with all the necessary information. The Confederation of real estate developers of India (CREDAI), according to Sunil Duddalwar of M/s Himalaya Builders, has endorsed the action.