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

Real Estate

31 Oct 2025

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..