Developers in Maharashtra may get extension for lapsed projects

30 Sep 2021 CW Team

Developers are unable to get consent from 51% of the buyers to seek an extension to complete lapsed projects listed by the Maharashtra Real Estate Regulatory Authority (MahaRERA).

According to the latest orders, developers can seek a joint meeting with MahaRERA and the buyers to consider an extension with other conditions.

The authority lists 3,371 expired projects for which the promoters had not applied for an extension and not uploaded in Form 4, a certificate from the architect after completing the project. MahaRERA has a total of 30,668 registered projects, from which 7,214 projects are completed.

Vasant Prabhu, Secretary of MahaRERA, said that the developers of the lapsed projects should follow the procedure and then upload it in Form 4.

Chairman of Maharashtra Society Welfare Association (MSWA), Ramesh Prabhu, told the media that the authority is allowing the developers to complete their lapsed projects.

He said that the allottees must form an association and seek MahaRERA to take over the lapsed projects. They will have land possession by collecting the balance dues or contributing the required amount, so they will be able to complete the project.

Prabhu said that the association might sell unsold properties to release the funds required to complete the project. If the association has to spend more than agreed, the complaint to recover the extra with interest may be filed before MahaRERA, and it is possible to recover the amount.

An advocate of Bombay High Court, Manjunath Kakkalameli, said that a standard operating procedure (SOP) would work only for actual developers who want to complete their project and the authority may allow an extension to complete the lapsed project.

According to the order, if any promoter does not apply for an extension or does not respond, the developer can apply to the MahaRERA under Section 7 to get help.

Image Source

Also read: Delayed realty projects in India face procedural roadblocks now

Also read: First-sale property e-registrations in Maharashtra to begin from Oct

Developers are unable to get consent from 51% of the buyers to seek an extension to complete lapsed projects listed by the Maharashtra Real Estate Regulatory Authority (MahaRERA). According to the latest orders, developers can seek a joint meeting with MahaRERA and the buyers to consider an extension with other conditions. The authority lists 3,371 expired projects for which the promoters had not applied for an extension and not uploaded in Form 4, a certificate from the architect after completing the project. MahaRERA has a total of 30,668 registered projects, from which 7,214 projects are completed. Vasant Prabhu, Secretary of MahaRERA, said that the developers of the lapsed projects should follow the procedure and then upload it in Form 4. Chairman of Maharashtra Society Welfare Association (MSWA), Ramesh Prabhu, told the media that the authority is allowing the developers to complete their lapsed projects. He said that the allottees must form an association and seek MahaRERA to take over the lapsed projects. They will have land possession by collecting the balance dues or contributing the required amount, so they will be able to complete the project. Prabhu said that the association might sell unsold properties to release the funds required to complete the project. If the association has to spend more than agreed, the complaint to recover the extra with interest may be filed before MahaRERA, and it is possible to recover the amount. An advocate of Bombay High Court, Manjunath Kakkalameli, said that a standard operating procedure (SOP) would work only for actual developers who want to complete their project and the authority may allow an extension to complete the lapsed project. According to the order, if any promoter does not apply for an extension or does not respond, the developer can apply to the MahaRERA under Section 7 to get help. Image SourceAlso read: Delayed realty projects in India face procedural roadblocks now Also read: First-sale property e-registrations in Maharashtra to begin from Oct

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..