MaharERA Grants Extension to Lapsed Projects

08 Mar 2024 CW Team

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.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

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.

Infrastructure Energy

08 Sep 2025

PSA Mumbai Doubles Capacity to 4.8m TEUs With Phase 2

Prime Minister Narendra Modi and Singaporean Prime Minister Lawrence Wong on Thursday virtually inaugurated Phase 2 of the Bharat Mumbai Container Terminal (PSA Mumbai), developed by PSA International at the Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai.With the commissioning of Phase 2, PSA Mumbai has doubled its annual handling capacity to 4.8 million TEUs, making it India’s largest container terminal. The terminal, spanning 2,000 metres of continuous quay length, has been designed to handle multiple mega container vessels simultaneously, supporting both domestic and global trade f..

Infrastructure Transport

08 Sep 2025

JNPA Doubles Container Capacity With Rs 79.2 Billion Terminal

In a major boost to India’s maritime infrastructure, Prime Minister Narendra Modi and Singaporean Prime Minister Lawrence Wong virtually inaugurated the second phase of the PSA Bharat Mumbai Container Terminal (BMCT) at Jawaharlal Nehru Port Authority (JNPA) on Thursday.With this commissioning, BMCT becomes India’s largest standalone container terminal, doubling its handling capacity from 2.4 million TEUs to 4.8 million TEUs (twenty-foot equivalent units). This milestone also establishes JNPA as the country’s largest container port by capacity.The Rs 79.2 billion project was developed un..

Infrastructure Transport

08 Sep 2025

Concor to Operate New Container Terminal at Bhavnagar Port

The Container Corporation of India (Concor) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) to operate and maintain the upcoming container terminal on the northside of Bhavnagar Port, Gujarat.Under the MoU, Concor will serve as the terminal operator, overseeing operations, management, and marketing of the facility. This move marks Concor’s strategic foray into direct port operations, aligning with its goal of forward integration in the logistics value chain. The detailed terms and conditions of the agreement are currently being finalised.The upcoming..