+
Maharashtra to crack whip in enforcing MahaRera rules
Real Estate

Maharashtra to crack whip in enforcing MahaRera rules

Five years after the Maharashtra Real Estate Regulatory Authority (MahaRera) came into existence, it has been found that while 34,398 housing projects worth Rs 11.5 trillion have been registered, 2,800 projects worth Rs 900 billion have lapsed. A reported quoted a high-ranking bureaucrat as saying that for MahaRera, led by IAS officer Ajoy Mehta, the top priority, and the biggest challenge, would be to revive the lapsed projects without undue loss of time and ensure that justice is done to home buyers.

“Work at MahaRera has gained huge momentum and stringent measures have been taken against errant builders. The law will now be implemented in letter and spirit,” the bureaucrat said.

MahaRera chief Mehta reportedly found that though there were legal provisions for the completion of projects, many builders did not adhere to deadlines, nor did they seek an extension.

“MahaRera has identified all such builders who have not completed their projects on schedule or submitted an application seeking an extension. Show cause notices have been served on them and an explanation sought within 30 days. Once we get their response, we will decide the future course of action,” a high-ranking bureaucrat said. Reviving lapsed projects was the agency's target, he added.

See also:
Global bidders vie for Waverock complex in Hyderabad
Trump-Tribeca partnership plans 3-5 Indian projects next year


Five years after the Maharashtra Real Estate Regulatory Authority (MahaRera) came into existence, it has been found that while 34,398 housing projects worth Rs 11.5 trillion have been registered, 2,800 projects worth Rs 900 billion have lapsed. A reported quoted a high-ranking bureaucrat as saying that for MahaRera, led by IAS officer Ajoy Mehta, the top priority, and the biggest challenge, would be to revive the lapsed projects without undue loss of time and ensure that justice is done to home buyers. “Work at MahaRera has gained huge momentum and stringent measures have been taken against errant builders. The law will now be implemented in letter and spirit,” the bureaucrat said. MahaRera chief Mehta reportedly found that though there were legal provisions for the completion of projects, many builders did not adhere to deadlines, nor did they seek an extension. “MahaRera has identified all such builders who have not completed their projects on schedule or submitted an application seeking an extension. Show cause notices have been served on them and an explanation sought within 30 days. Once we get their response, we will decide the future course of action,” a high-ranking bureaucrat said. Reviving lapsed projects was the agency's target, he added. See also: Global bidders vie for Waverock complex in HyderabadTrump-Tribeca partnership plans 3-5 Indian projects next year

Next Story
Infrastructure Energy

Tata Power, Suzlon Ink Rs 60 Billion Wind Energy Deal in Andhra

Tata Power has signed an agreement with Suzlon Energy to develop, construct, and supply 700 megawatt (MW) wind turbines in Andhra Pradesh. The Rs 60 billion project forms part of a 7 gigawatt (GW) renewable energy plan announced by Tata Power Renewable Energy (TPREL) and the state government in March 2025.This marks the first wind energy project in the state since 2019. The larger 7 GW programme, covering solar, wind, and hybrid projects with or without storage, is expected to attract investments of around Rs 490 billion, making it one of the state’s largest clean energy commitments.The turb..

Next Story
Infrastructure Transport

Odisha Approves Rs 12.6 Billion For 32 New Bridges

Odisha is set for a major infrastructure boost with the approval of 32 new bridges under the Setu Bandhan Yojana for FY 2025–26. The project, valued at Rs 12.6 billion, is aimed at improving road connectivity across ten districts, enhancing mobility and driving local development.The bridges will be constructed in Bolangir, Subarnapur, Nayagarh, Sambalpur, Malkangiri, Bargarh, Koraput, Jagatsinghpur, Cuttack, and Puri. Many of these areas are rural or located in difficult terrains, where improved accessibility will greatly benefit the transportation of goods and public mobility.Setu Bandhan Y..

Next Story
Infrastructure Transport

UP Plans Rs 350 Billion Gorakhpur–Shamli Expressway

Uttar Pradesh is preparing to build its largest expressway, a 700-km six-lane project that will surpass the 570-km Ganga Expressway from Meerut to Prayagraj. Designed as a greenfield project, the Gorakhpur–Shamli Expressway will cut travel time between eastern and western Uttar Pradesh to just six hours, transforming regional connectivity.The expressway will pass through 22 districts and 37 tehsils, bringing faster travel and significant economic benefits, including higher land values for farmers and employment opportunities during and after construction. A drone survey to map the route is e..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?