57 Housing Projects Up For Deregistration, 25 From MMR
Real Estate

57 Housing Projects Up For Deregistration, 25 From MMR

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.

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.

Next Story
Infrastructure Energy

Govt, Automakers Discuss Raising Ethanol Blend Beyond 20%

The Indian government has begun talks with automobile original equipment manufacturers (OEMs) to increase ethanol blending in petrol beyond twenty per cent, with the current E20 target set for October 2025.Major OEMs such as Tata Motors, Mahindra and Mahindra, and Maruti Suzuki have raised concerns about high investment requirements and limited consumer interest. A draft report is being prepared by officials from the petroleum, transport, and agriculture ministries for cabinet review.Industry executives said upgrading vehicles from E20 to higher blends like E40 or E45 could raise costs by two ..

Next Story
Infrastructure Urban

Hyundai India to Launch Hybrid, Plans 26 Models by 2030

Hyundai Motor India Limited will introduce a hybrid vehicle as part of a larger plan to launch twenty-six models by 2030. The move aligns Hyundai with Toyota and Suzuki, who advocate hybrids to address India’s limited charging network and price-sensitive market.The refreshed portfolio will include six battery-electric vehicles, twenty internal combustion engine models, and one hybrid. These will span both mass and premium segments, including hybrid sport utility vehicles.According to Chief Operating Officer Tarun Garg, no single technology can meet all market needs. He called the hybrid segm..

Next Story
Infrastructure Transport

Railway Board Approves Survey for 4th Terminal Near Bengaluru

The Railway Board has approved a Final Location Survey for a mega coaching terminal near Bengaluru airport. The proposed terminal, to be located near Devanahalli or along the Yelahanka–Devanahalli–Chikkaballapur route, is estimated to cost Rs 13.5 million.According to South Western Railway, the new terminal will decongest Bengaluru’s overburdened railway infrastructure and meet growing passenger demand. It will serve as the fourth terminal, offering operational flexibility and capacity to handle thirty-six rakes daily.The design includes twelve pit lines, five washing lines, twenty-four ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?