MahaRERA suspends registration of 248 projects over non-compliance

21 Nov 2023 CW Team

MahaRERA is currently scrutinising reports from the 352 projects registered in February, and potential suspensions may occur if any reports are found to be incomplete. Among the 248 projects facing suspension, 99 are located in the Mumbai Metropolitan Region (MMR). The quarterly progress reports, containing information on registered units, funds received, expenditures, and changes in building plans, are required to be updated on the MahaRERA website.

Developers of projects registered in February were expected to update their information by July 20, while those registered in March had a deadline of October 20. Despite notices warning about the possible suspension of registration, many projects failed to update their information, leading to the enforcement of suspensions.

The suspended projects include 99 from MMR, 69 from Western Maharashtra, 28 from North Maharashtra, and 40 from Vidarbha. In a similar move earlier in the year, MahaRERA had suspended the registration of 363 out of 700 projects in January. Some promoters rectified the situation by updating information and paying a fine, but as of now, 112 projects have yet to comply.

The MahaRERA official stated that the registration of these non-compliant projects is likely to be cancelled. However, a formal process must be followed, involving informing stakeholders such as financiers or lenders before cancelling the registration. Once registration is suspended, the bank accounts of these projects are frozen, and promoters are prohibited from advertising, marketing, or selling units. Instructions are also issued to deputy registrars to refrain from registering any sale transactions or deposits related to these projects.

The registration of 248 projects, including three MHADA projects in Pune and Beed, has been suspended by MahaRERA. These projects were registered in February of this year and failed to update their quarterly progress reports. Additionally, registration for 224 projects registered in March is at risk of suspension due to non-compliance with the reporting requirements. MahaRERA is currently scrutinising reports from the 352 projects registered in February, and potential suspensions may occur if any reports are found to be incomplete. Among the 248 projects facing suspension, 99 are located in the Mumbai Metropolitan Region (MMR). The quarterly progress reports, containing information on registered units, funds received, expenditures, and changes in building plans, are required to be updated on the MahaRERA website. Developers of projects registered in February were expected to update their information by July 20, while those registered in March had a deadline of October 20. Despite notices warning about the possible suspension of registration, many projects failed to update their information, leading to the enforcement of suspensions. The suspended projects include 99 from MMR, 69 from Western Maharashtra, 28 from North Maharashtra, and 40 from Vidarbha. In a similar move earlier in the year, MahaRERA had suspended the registration of 363 out of 700 projects in January. Some promoters rectified the situation by updating information and paying a fine, but as of now, 112 projects have yet to comply. The MahaRERA official stated that the registration of these non-compliant projects is likely to be cancelled. However, a formal process must be followed, involving informing stakeholders such as financiers or lenders before cancelling the registration. Once registration is suspended, the bank accounts of these projects are frozen, and promoters are prohibited from advertising, marketing, or selling units. Instructions are also issued to deputy registrars to refrain from registering any sale transactions or deposits related to these projects.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..