MahaRERA verifies & approves 290 projects out of 450 applications

02 Aug 2023 CW Team

In the past 40 days, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has granted registration to 290 projects out of a total of 450 applications received from builders. This decision came after thorough verification by local authorities.

The local authorities, including the Pune Municipal Corporation in Pune, were instructed to send the commencement certificates (CC) of projects from their official email ID to MahaRERA for verification and eventual registration of the projects, starting from June 19. This step was taken to prevent the submission of bogus documents for project registration, as had occurred in Kalyan Dombivali.

According to a senior MahaRERA official, only the 290 applications that were verified by the local authorities were permitted to be registered with MahaRERA. The remaining 160 applications will undergo clearance after verification by the respective local authorities.

To enhance transparency, the CCs received from the local authorities will be cross-checked with the certificates provided by the developers before final project registration.

MahaRERA had previously urged the state's urban development department to establish a system that displays all approvals, such as commencement and occupation certificates, granted for real estate projects on a dedicated portal by the competent authorities. This measure allows both buyers and MahaRERA to verify the authenticity of the certificates.

Consumer groups welcomed these measures, as they believe that a coordinated system from local authorities will ensure necessary checks and enhance transparency for homebuyers. Wardha Gupta, who recently booked a flat in a MahaRERA registered project in the city, expressed her approval of these developments.

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..

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..

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..