57 Housing Projects Up For Deregistration, 25 From MMR

25 Jan 2025 CW Team

As many as 57 housing projects are up for deregistration with the Maharashtra Real Estate Regulatory Authority (MahaRERA). Of these, nine belong to Lodha Group companies while four are from the K Raheja Corp Real Estate stable. Eight of the nine projects belonging to the Lodha Group were registered before the Covid-19 pandemic. In the three lists with MahaRERA, collated in the last two months, there are 25 projects from the Mumbai Metropolitan Region, including within Greater Mumbai limits.

Of the Lodha Group’s projects, six were to be constructed by Palava Dwellers: Palava Verde’s A to E wings registered in March 2019, Palava Fresca’s A and B wings (March 2019), Palava Verdana’s A to D wings (March 2019), Jasmine’s T wing (April 2019), Palava Fresca E to H wings (March 2019) and Palava Allura’s C and D wings (December 2018).

The other three are Macrotech Developers’ Upper Thane Meadows A and E to G wings in Thane (all in March 2019) and Dombivli Arcade (March 2024).

K Raheja Corp Real Estate, on its part, has scrapped its Plumeria Viva project (August 2023), Wisteria Viva (July 2023), Frangipani Viva (September 2023) and Palash Viva (July 2023). All of these are at Pirangut near Pune. These projects had become “unviable” for the developers, resulting in a decision to put them on the backburner by getting them deregistered.

Other prominent names include Piramal Realty Limited’s Piramal Revanta Tower 5 in Mulund, which was registered in December 2023, Puranik Builders’ Puranik Tokyo Bay’s Phase 2C in Thane, registered in March 2019, Lokhandwala Infrastructure’s LB One at Worli, registered in August 2017, and Mayfair Housing’s Mayfair Virar Gardens Buildings 17 to 19, 23A, 26, 27 (April 2022), which is also on the verge of getting deregistered.

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