MahaRERA Suspends 1,905 Housing Projects for Non-Compliance

23 Jan 2025 CW Team

Pune leads the state with the highest number of affected projects at 487, followed by Raigad (240), Thane (204), and Mumbai suburban (111). These suspended projects now face restrictions on property transactions and potential penalties of Rs 50,000 for non-compliance with regulatory guidelines.

MahaRERA’s action is part of an enforcement drive launched in December 2024, identifying 10,773 lapsed projects across the state. While some developers responded to show-cause notices, 1,905 projects failed to do so within the given timeframe, resulting in their suspension.

MahaRERA Chairman Manoj Saunik emphasised that the primary goal of the Real Estate Act is to ensure transparency, accountability, and financial discipline in the sector. "Strict actions are being taken to protect homebuyers' interests," Saunik stated.

To alert homebuyers, MahaRERA has published the details of these suspended projects on its website. This list serves as a reference for prospective buyers, enabling them to make informed decisions before investing in any of these projects.

In addition to suspending registrations and freezing bank accounts, MahaRERA has instructed the property registration department to halt any sale or purchase of flats in these projects.

Similar enforcement actions have been taken against 3,499 other projects that have also failed to respond to the notices.

MahaRERA's review uncovered a concerning lack of compliance, with only three out of 748 projects updating their required information in January 2023. However, following recent enforcement actions, 5,324 projects have since responded to the notices, including 3,517 that submitted their occupancy certificates.

Developer bodies have assured that they are working to ensure member compliance, urging developers to complete quarterly reports with all necessary details. Developers of suspended projects may have their registrations restored only after complying with the regulatory requirements, including updating their project status and submitting the required progress reports.

(TOI)

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has suspended 1,905 housing projects and frozen their bank accounts for failing to update their project status on the authority's website within the specified deadline. Pune leads the state with the highest number of affected projects at 487, followed by Raigad (240), Thane (204), and Mumbai suburban (111). These suspended projects now face restrictions on property transactions and potential penalties of Rs 50,000 for non-compliance with regulatory guidelines. MahaRERA’s action is part of an enforcement drive launched in December 2024, identifying 10,773 lapsed projects across the state. While some developers responded to show-cause notices, 1,905 projects failed to do so within the given timeframe, resulting in their suspension. MahaRERA Chairman Manoj Saunik emphasised that the primary goal of the Real Estate Act is to ensure transparency, accountability, and financial discipline in the sector. Strict actions are being taken to protect homebuyers' interests, Saunik stated. To alert homebuyers, MahaRERA has published the details of these suspended projects on its website. This list serves as a reference for prospective buyers, enabling them to make informed decisions before investing in any of these projects. In addition to suspending registrations and freezing bank accounts, MahaRERA has instructed the property registration department to halt any sale or purchase of flats in these projects. Similar enforcement actions have been taken against 3,499 other projects that have also failed to respond to the notices. MahaRERA's review uncovered a concerning lack of compliance, with only three out of 748 projects updating their required information in January 2023. However, following recent enforcement actions, 5,324 projects have since responded to the notices, including 3,517 that submitted their occupancy certificates. Developer bodies have assured that they are working to ensure member compliance, urging developers to complete quarterly reports with all necessary details. Developers of suspended projects may have their registrations restored only after complying with the regulatory requirements, including updating their project status and submitting the required progress reports. (TOI)

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..