MahaRERA has1,750 lapsed housing projects pending
Real Estate

MahaRERA has1,750 lapsed housing projects pending

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has decided to put the registration of 1,750 lapsed housing projects on hold across the state. Additionally, measures are being taken to apply similar actions to another 1,137 projects.

Among these suspended projects, the Mumbai Metropolitan Region leads with 761 projects under suspension, followed by the Pune region with 628 projects. Other regions affected include North Maharashtra (135 projects), Vidarbha (110 projects), Marathwada (100 projects), Dadra Nagar Haveli (13 projects), and Daman (3 projects).

Homebuyers are advised to exercise caution when considering investments in any of these projects. The complete list of suspended projects is accessible on MahaRERA?s website.

Developers seeking MahaRERA registration must specify the anticipated completion date of the project. Should the project exceed this declared completion date, the developer must furnish an Occupancy Certificate (Form IV) to MahaRERA upon completion.

In cases where the project remains unfinished, developers are required to initiate the renewal process for registration. If challenges arise in commencing the project, an application for the project's deregistration is necessary.

(Source: Indiatimes )

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has decided to put the registration of 1,750 lapsed housing projects on hold across the state. Additionally, measures are being taken to apply similar actions to another 1,137 projects. Among these suspended projects, the Mumbai Metropolitan Region leads with 761 projects under suspension, followed by the Pune region with 628 projects. Other regions affected include North Maharashtra (135 projects), Vidarbha (110 projects), Marathwada (100 projects), Dadra Nagar Haveli (13 projects), and Daman (3 projects). Homebuyers are advised to exercise caution when considering investments in any of these projects. The complete list of suspended projects is accessible on MahaRERA?s website. Developers seeking MahaRERA registration must specify the anticipated completion date of the project. Should the project exceed this declared completion date, the developer must furnish an Occupancy Certificate (Form IV) to MahaRERA upon completion. In cases where the project remains unfinished, developers are required to initiate the renewal process for registration. If challenges arise in commencing the project, an application for the project's deregistration is necessary. (Source: Indiatimes )

Next Story
Infrastructure Energy

GAIL to Set Up Bengaluru CBG Plant Under New Concession Pact

GAIL (India) Limited has signed a 20-year concession agreement with the Bengaluru City Municipal Corporation (BBMP) to set up a compressed biogas (CBG) plant in the city. The project, expected to produce around 10 tonnes of CBG daily, will utilise municipal solid waste as feedstock, contributing to clean energy generation and efficient waste management. The CBG produced will be used in GAIL’s City Gas Distribution network to promote cleaner fuel usage. The initiative aligns with the government’s Sustainable Alternative Towards Affordable Transportation (SATAT) scheme and GAIL’s broader ..

Next Story
Infrastructure Energy

Uttarakhand HC Lifts 31-Year Ban on ONGC’s Contractual Hiring

The Uttarakhand High Court has lifted a 31-year-old ban on the Oil and Natural Gas Corporation (ONGC) from hiring contractual workers, a restriction imposed in 1993. The decision enables ONGC’s Dehradun establishment to employ personnel on a contractual basis to meet operational requirements. The long-standing prohibition had limited ONGC’s ability to fill vacancies in its technical and administrative departments, often leading to project delays and higher dependence on outsourcing. With the court’s directive, the public sector enterprise can now proceed with temporary recruitments whil..

Next Story
Infrastructure Energy

JSW Energy’s Utkal Unit Bags 400 MW, 25-Year Power Supply Deal

JSW Energy Limited announced that its subsidiary, JSW Energy (Utkal) Limited, has secured a Letter of Award (LoA) from Karnataka’s Power Company of Karnataka Limited (PCKL) for the supply of 400 MW of electricity for 25 years. The agreement is part of a competitive bidding process for long-term procurement of power to meet the state’s growing energy demand. The 400 MW capacity will be supplied from JSW Energy’s upcoming thermal power project in Odisha. This development strengthens JSW Energy’s presence in the southern market and aligns with its strategy to enhance long-term contracte..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?