MahaRERA declares 407 projects 'lapsed' in state in 2021

09 Mar 2022 CW Team

Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced 407 projects across the state 'lapsed' in 2021 after their validity of registration expired.

The lapsed list comprises approximately 23 projects in the Aurangabad division alone. According to the rules, a promoter must not advertise, market, book, sell or offer for sale, or invite people to buy any plot, apartment, or building in any of these projects.

Consumer rights activist Vivek Velankar told the media that the buyers must check the MahaRera database before purchasing a property.

Additionally, there must be official clarity on how buyers, who had booked flats or homes in the launch or pre-launch stage, can back out of such lapsed projects easily. The MahaRERA must prevail upon promoters to return the buyers’ money with interest.

When contacted, the Confederation of Real Estate Developers Association of India (Credai) office-bearers told the media that they were looking at the 407 projects involved closely and recognising problems with them.

The Credai is working with the officials to utilise the provision of sections 15 and 7 of the MahaRERA Act, wherein another developer takes over the project so that it is done and the buyers get their houses. They are committed to finding a solution to these projects and delivery of houses to the people who have invested in them, according to Manish Jain, the vice-president of Credai (Pune Metro).

Image Source

Also read: MahaRERA issues warrants worth Rs 633 cr against errant developers

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..