MahaRERA extends deadline for completion of 8 projects in Mumbai
Real Estate

MahaRERA extends deadline for completion of 8 projects in Mumbai

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


The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

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

Next Story
Real Estate

Ahmedabad civic body's approves changes to Makarba TP scheme

The civic body's town planning committee has approved changes to the Makarba town planning (TP) scheme 204, covering plots designated as R3 (Residential-3) zone in the western part of Ahmedabad. According to sources, a significant change has been approved, allowing development permission for plots of 300 sq m in the R3 zone. Previously, the minimum area required for development in the R3 zone was set at 1,000 sq m after the implementation of Comprehensive General Development Control Regulations (CGDCR) in 2017, but construction was permitted on plots of 500 sq m. Now, development permission w..

Next Story
Real Estate

NAREDCO and FSAI ink MoU

The National Real Estate Development Council (NAREDCO) on October 5 said that it has signed a Memorandum of Understanding (MoU) with the Fire and Security Association of India (FSAI) to collaborate on improving fire safety, life safety, and security standards in India's real estate sector. The partnership aims to foster the exchange of knowledge, expertise, and technical advancements in fire protection, life safety, and security systems for the benefit of real estate stakeholders across the country, NAREDCO said in a statement. “The MoU with FSAI establishes a more integrated approach to r..

Next Story
Real Estate

Ahmedabad civic body to finalise land deal with LuLu

The Ahmedabad Municipal Corporation (AMC) had recently sold a large plot of land to LuLu International Shopping Malls Pvt Ltd for a staggering Rs 5.19 billion. However, the civic body was unable to provide full possession of the land to the buyer as it did not have ownership of the plot. The proposal for the deal states that a 66,168 sq m plot in Chandkheda was sold to LuLu International Shopping Malls Pvt Ltd at the rate of Rs 78,500 per sq m. However, approximately 10,672 sq m of this plot was under cultivation, and the Ahmedabad Municipal Corporation was yet to obtain full possession of t..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000