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

12 Mar 2026

Kavach 4.0 Commissioned on Delhi–Mumbai and Delhi–Howrah

"Kavach version four has been commissioned on 1,452 route km, covering the high density Delhi–Mumbai and Delhi–Howrah corridors. The rollout included laying 8,570 km of optical fibre, installation of 1,100 telecom towers, deployment of trackside equipment over 6,776 RKm and establishment of 767 station data centres. Trackside implementation has been taken up on 24,427 RKm covering Golden Quadrilateral, Golden Diagonal and High Density Network sections. The programme aims to strengthen signalling and train protection on key routes.Kavach is an indigenously developed automatic train protecti..

Railways Advance Kalyan–Murbad Line And Mumbai Capacity Expansion

"Indian Railways is advancing multiple rail infrastructure projects in Maharashtra, including the sanctioned Kalyan–Murbad new line and sizable investments under the Mumbai Urban Transport Project and the Mumbai–Ahmedabad High Speed Rail project. The Kalyan–Murbad 28 km new line has been sanctioned at Rs 8.36 billion (bn) on a 50:50 cost-sharing basis with the Government of Maharashtra and has been declared a Special Railway Project for land acquisition; proposals covering 214 hectares are at various stages of acquisition. Budgetary outlay for projects falling fully or partly in Maharash..

Parliamentary Panel Flags Funding Gaps in Heavy Industries

"The Department-Related Parliamentary Standing Committee on Industry (Rajya Sabha) presented its 332nd report on the Demands for Grants 2026-27 of the Ministry of Heavy Industries (MHI). Figures converted from crore and lakh are expressed in million (mn). The Budget Estimates 2026-27 for the Ministry stand at Rs 79,399 mn against a projected requirement of Rs 94,843.2 mn, a shortfall of about 16 per cent, with revenue at Rs 79,370.8 mn and capital compressed to Rs 28.2 mn from Rs 5,020 mn.The committee flagged recurring BE-to-RE compression and declining revised estimate utilisation, and calle..