MahaRERA to begin notifying "lapsed" projects from this month

12 Aug 2022 CW Team

Beginning this month, MahaRERA will gradually begin sending show-cause notifications to developers of projects that have been labelled "lapsed" around the state.

4,555 real estate projects have been labelled "lapsed" by the Maharashtra Real Estate Regulatory Authority (MahaRERA). MahaRERA will initially send letters to developers who have registered with various developer organisations, then to those who are about to start construction. The initiatives that expired last year will come next. The notices will then be sent to the remainder. Within one month after receiving the letters, the developers were supposed to respond. Pune, which has the most "lapsed" projects (1,216), is followed by Mumbai (649).

Also read:
Mumbai Metro 3 project cost rises by Rs 10,269.82 crore
Citizens to monitor BMC’s road concretisation work

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..