Advocate For MPID

The Maharashtra government will amend the MPID Act to enable it to take strict action against unscrupulous developers who cheat consumers by promising those homes in various housing projects.

The government will amend the MPID (Maharashtra Protection of Interests of Depositors in Financial Establishments Act, 1999) in order to protect the interests of investors.

In order to provide relief to affected consumers, the government will decide on whether to allow the consumers to develop a stalled housing project on their own or hand it over to the MHADA (Maharashtra Housing and Aread Development Authority) for completion.