[maven] When maven says "resolution will not be reattempted until the update interval of MyRepo has elapsed", where is that interval specified?

How I got this problem,

When I changed from Eclipse Juno to Luna, and checkout my maven projects from SVN repo, I got the same issues while building the applications.

What I tried? I tried clean Local repository and then updating all the versions again using -U option. But my problem continued.

Then I went to Window --> Preferences -> Maven --> User Settings --> and clicked on Reindex button under Local Repository and wait for the reindex to happen.

That's all, the issue is resolved.