MahaRERA Suspends 1,950 Real Estate Projects for Non-Compliance
Real Estate

MahaRERA Suspends 1,950 Real Estate Projects for Non-Compliance

To safeguard homebuyers' interests, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has suspended the registration of 1,950 real estate projects statewide after developers failed to respond to notices about status updates. Over 3,499 additional lapsed projects are likely to face similar action, according to a MahaRERA statement on January 9. The regulatory authority has also frozen the bank accounts of these developers. This enforcement follows show-cause notices issued in December 2024 to 10,771 projects, primarily in the Mumbai Metropolitan Region, for failing to comply with mandatory disclosure requirements on MahaRERA’s website. Developers were given 30 days to submit Form 4, which indicates project completion, along with the Occupation Certificate (OC) or to apply for deadline extensions with the requisite documents. Out of the 10,773 projects flagged for non-compliance, developers of 5,324 projects responded. Of these, 3,517 projects submitted their OCs, and 524 sought deadline extensions. The remaining 1,283 responses are under scrutiny, while 1,950 projects have had their registrations suspended, and transaction-related restrictions have been imposed. MahaRERA revealed that similar action is underway against another 3,499 housing projects that have not replied to the notices. The affected projects span Maharashtra, including major urban centers like Mumbai, Pune, Nagpur, and Nashik. Chairman of MahaRERA, Manoj Saunik, emphasised that the Real Estate (Regulation and Development) Act, 2016, prioritises transparency, accountability, and financial discipline in the real estate sector to protect homebuyers. He highlighted that regular status updates, both quarterly and annually, are mandatory for all registered projects. However, compliance has been limited. In January 2023, a review by MahaRERA’s compliance cell revealed that only three out of 748 projects had updated their information. Following sustained follow-ups, significant progress has been made, as seen in the responses to lapsed project notices. Nevertheless, Saunik noted the substantial number of non-compliant projects and reiterated that MahaRERA’s actions aim to protect homebuyers’ interests and uphold transparency in the sector. (Hindustan Times)

To safeguard homebuyers' interests, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has suspended the registration of 1,950 real estate projects statewide after developers failed to respond to notices about status updates. Over 3,499 additional lapsed projects are likely to face similar action, according to a MahaRERA statement on January 9. The regulatory authority has also frozen the bank accounts of these developers. This enforcement follows show-cause notices issued in December 2024 to 10,771 projects, primarily in the Mumbai Metropolitan Region, for failing to comply with mandatory disclosure requirements on MahaRERA’s website. Developers were given 30 days to submit Form 4, which indicates project completion, along with the Occupation Certificate (OC) or to apply for deadline extensions with the requisite documents. Out of the 10,773 projects flagged for non-compliance, developers of 5,324 projects responded. Of these, 3,517 projects submitted their OCs, and 524 sought deadline extensions. The remaining 1,283 responses are under scrutiny, while 1,950 projects have had their registrations suspended, and transaction-related restrictions have been imposed. MahaRERA revealed that similar action is underway against another 3,499 housing projects that have not replied to the notices. The affected projects span Maharashtra, including major urban centers like Mumbai, Pune, Nagpur, and Nashik. Chairman of MahaRERA, Manoj Saunik, emphasised that the Real Estate (Regulation and Development) Act, 2016, prioritises transparency, accountability, and financial discipline in the real estate sector to protect homebuyers. He highlighted that regular status updates, both quarterly and annually, are mandatory for all registered projects. However, compliance has been limited. In January 2023, a review by MahaRERA’s compliance cell revealed that only three out of 748 projects had updated their information. Following sustained follow-ups, significant progress has been made, as seen in the responses to lapsed project notices. Nevertheless, Saunik noted the substantial number of non-compliant projects and reiterated that MahaRERA’s actions aim to protect homebuyers’ interests and uphold transparency in the sector. (Hindustan Times)

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?