MaharERA Grants Extension to Lapsed Projects
Real Estate

MaharERA Grants Extension to Lapsed Projects

In a significant move towards the revitalization of the real estate sector, Maharashtra Real Estate Regulatory Authority (MaharERA) has granted extensions to over 540 lapsed housing projects. This decision reflects a proactive approach by the regulatory authority to address challenges faced by developers and contribute to the revival of stalled or delayed projects in the state.

The extension granted by MaharERA provides a lifeline to housing projects that may have faced delays due to various reasons, contributing to a more inclusive and supportive environment for developers. This decision is particularly crucial in the context of the real estate sector, where project delays can have cascading effects on both developers and homebuyers.

MaharERA's role in supporting the revival of lapsed projects is indicative of a regulatory framework that prioritizes the interests of both developers and homebuyers. By granting extensions, the regulatory authority aims to strike a balance between enforcing regulatory standards and facilitating the completion of housing projects that may have faced unforeseen challenges.

The move also aligns with broader efforts to boost the real estate sector, which plays a vital role in the economic growth of the region. Reviving lapsed projects not only addresses the concerns of developers but also ensures that homebuyers have a better chance of seeing their investments come to fruition.

The decision by MaharERA sends a positive signal to the real estate market, instilling confidence among developers and stakeholders. It signifies a collaborative approach where regulatory bodies work hand-in-hand with the industry to overcome hurdles and promote sustainable growth in the real estate sector.

Moreover, the extension granted by MaharERA underscores the importance of adaptability in regulatory measures, especially in dynamic sectors like real estate. The authority's willingness to consider and accommodate the challenges faced by developers demonstrates a responsiveness to the evolving needs of the industry.

In conclusion, MaharERA's decision to grant extensions to over 540 lapsed housing projects is a significant step towards revitalizing the real estate sector in Maharashtra. This move not only addresses the challenges faced by developers but also contributes to the overall health and sustainability of the real estate market in the region.

In a significant move towards the revitalization of the real estate sector, Maharashtra Real Estate Regulatory Authority (MaharERA) has granted extensions to over 540 lapsed housing projects. This decision reflects a proactive approach by the regulatory authority to address challenges faced by developers and contribute to the revival of stalled or delayed projects in the state. The extension granted by MaharERA provides a lifeline to housing projects that may have faced delays due to various reasons, contributing to a more inclusive and supportive environment for developers. This decision is particularly crucial in the context of the real estate sector, where project delays can have cascading effects on both developers and homebuyers. MaharERA's role in supporting the revival of lapsed projects is indicative of a regulatory framework that prioritizes the interests of both developers and homebuyers. By granting extensions, the regulatory authority aims to strike a balance between enforcing regulatory standards and facilitating the completion of housing projects that may have faced unforeseen challenges. The move also aligns with broader efforts to boost the real estate sector, which plays a vital role in the economic growth of the region. Reviving lapsed projects not only addresses the concerns of developers but also ensures that homebuyers have a better chance of seeing their investments come to fruition. The decision by MaharERA sends a positive signal to the real estate market, instilling confidence among developers and stakeholders. It signifies a collaborative approach where regulatory bodies work hand-in-hand with the industry to overcome hurdles and promote sustainable growth in the real estate sector. Moreover, the extension granted by MaharERA underscores the importance of adaptability in regulatory measures, especially in dynamic sectors like real estate. The authority's willingness to consider and accommodate the challenges faced by developers demonstrates a responsiveness to the evolving needs of the industry. In conclusion, MaharERA's decision to grant extensions to over 540 lapsed housing projects is a significant step towards revitalizing the real estate sector in Maharashtra. This move not only addresses the challenges faced by developers but also contributes to the overall health and sustainability of the real estate market in the region.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?