MahaRERA to extend nearly 1,540 lapsed projects

28 Mar 2022 CW Team

The Maharashtra Real Estate Authority (MahaRERA) may provide an extension to about 1,540 or 34% of the total 4,483 lapsed projects, without any bookings, across the state.

A majority of such schemes are from Pune (363), followed by Raigad (233) and Mumbai (75). Projects without any bookings can be viewed for an extension. The remaining 2,943 projects will, yet, be examined as public money has been invested into them. For these projects to be achieved, 51% of buyers' consent will be needed for work continuation, as per MahaRERA official.

From the commencement of this year, MahaRERA has been listing out projects with expired terms to keep a check on developers and putting pressure on them to achieve these projects. MahaRERA has listed the projects with completion deadlines from 2017 to 2022 (February) as expired or lapsed.

The authority had made a list of such projects whose promoters did not apply for an extension. They additionally did not upload Form 4 from the architects on fulfilment of the projects on the website. Those with mere technical problems of not uploading forms correctly have been deleted from the list.

A consumer forum member and member of the Central Advisory Council, Abhay Upadhyay, asked the authority for not following up on the compulsory quarterly updates by the builders on the website. According to the provisions of Section 11 of the RERA act 2016, read with Rule 20, every promoter is needed to update the details of registered projects every quarter. As per the rules, the developers of these projects have been restricted from selling and marketing the projects before asking for an extension of the completion date, which will need consent from 51% of buyers.

Image Source

Also read: MahaRERA declares 407 projects 'lapsed' in state in 2021

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..