+
291 projects face MahaRERA axe if no updates by Nov
Real Estate

291 projects face MahaRERA axe if no updates by Nov

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a stern warning to 291 real estate projects, including 63 from the district, as they have failed to upload their quarterly project report details on the authority's website, despite receiving notices last month.

In the event that these developers do not respond by November 10, MahaRERA may proceed with the deregistration of these projects. If developers wish to recommence these projects, they will be required to undergo a fresh registration process, according to a senior MahaRERA official.

Among the 291 projects at risk of deregistration, 104 are situated in the Konkan region, which includes Mumbai, and 63 are located in Pune district. Last month, MahaRERA had dispatched notices to developers of a total of 363 real estate projects for their failure to comply with the requirement of uploading quarterly project report details on the MahaRERA website. To date, developers of 72 of these projects have responded to the notices by paying a penalty of Rs 50,000 and subsequently uploading the necessary project details.

MahaRERA officials have emphasized that this represents the final opportunity for developers to submit their quarterly project details or risk facing deregistration. Notably, these projects were registered during the current year.

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a stern warning to 291 real estate projects, including 63 from the district, as they have failed to upload their quarterly project report details on the authority's website, despite receiving notices last month.In the event that these developers do not respond by November 10, MahaRERA may proceed with the deregistration of these projects. If developers wish to recommence these projects, they will be required to undergo a fresh registration process, according to a senior MahaRERA official.Among the 291 projects at risk of deregistration, 104 are situated in the Konkan region, which includes Mumbai, and 63 are located in Pune district. Last month, MahaRERA had dispatched notices to developers of a total of 363 real estate projects for their failure to comply with the requirement of uploading quarterly project report details on the MahaRERA website. To date, developers of 72 of these projects have responded to the notices by paying a penalty of Rs 50,000 and subsequently uploading the necessary project details.MahaRERA officials have emphasized that this represents the final opportunity for developers to submit their quarterly project details or risk facing deregistration. Notably, these projects were registered during the current year.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code