MahaRERA bid to revive projects
Real Estate

MahaRERA bid to revive projects

MahaRERA is attempting to resurrect over 2,800 delayed and expired housing projects in the state, totaling Rs 786.84 billion. The Maharashtra Real Estate Regulatory Authority (MahaRERA) is working with a specialised team to uncover the issues that are causing projects to be stopped or expired in order to discover solutions for their resurrection. To investigate blocked and expired projects, MahaRERA has established a special vertical managed by retired IAS officer Sanjay Deshmukh, as per reports. The first part of the exercise will analyse 2,809 expired projects for their construction phase. MahaRERA has divided the building process into three categories: 0 to 30 percent, 30 to 60 per cent, and 60 to 90 per cent, and has worked with developer bodies to discover builders who are registered with them in order to assure the revival and completion of projects.

MahaRERA is attempting to resurrect over 2,800 delayed and expired housing projects in the state, totaling Rs 786.84 billion. The Maharashtra Real Estate Regulatory Authority (MahaRERA) is working with a specialised team to uncover the issues that are causing projects to be stopped or expired in order to discover solutions for their resurrection. To investigate blocked and expired projects, MahaRERA has established a special vertical managed by retired IAS officer Sanjay Deshmukh, as per reports. The first part of the exercise will analyse 2,809 expired projects for their construction phase. MahaRERA has divided the building process into three categories: 0 to 30 percent, 30 to 60 per cent, and 60 to 90 per cent, and has worked with developer bodies to discover builders who are registered with them in order to assure the revival and completion of projects.

Next Story
Infrastructure Energy

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Next Story
Real Estate

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world..

Next Story
Real Estate

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App