MahaRERA extends deadline for completion of 8 projects in Mumbai

21 Apr 2023 CW Team

In a series of orders issued over the course of the past month, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has permitted developers of at least eight projects in the Mumbai Metropolitan Region (MMR) to extend project completion dates without the necessary approval of the homebuyers.

The MahaRERA made the decision in cases where there are indications that the project will be finished soon.

These rulings follow a MahaRERA policy decision from December 2022 that permitted developers to request for an extension under section 7 of the RERA Act without the required 51 per cent approval of homebuyers, with a later decision being made on a case-by-case basis for genuine applicants.

What is the order? The MahaRERA extended the deadline for developments in the MMR, including Poonam Heights, Ekta Parksville phase 2, Brooklyn Park phase 2, Ekta Parksville phase 3, Brooklyn Park phase 4, Ekta Greenville phase 2, and Ekta Tripolis phase 1, citing the need to protect homeowners' interests.

These projects received extensions after their developers submitted MahaRERA applications in accordance with RERA Act section 7(3).

Also read:
Private equity inflows into Indian real estate fell 95%
Centre to discuss ways to redress consumer grievances in real estate

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..