MahaRERA warns homebuyers against 314 insolvent housing projects
Real Estate

MahaRERA warns homebuyers against 314 insolvent housing projects

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a warning to homebuyers, advising them to avoid purchasing properties in 314 housing projects currently undergoing insolvency proceedings at the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC) of 2016.

The Corporate Insolvency Resolution Process (CIRP) was initiated against these projects by banks, financial institutions, and other creditors. Among the 314 projects, 56 are ongoing, with over 34% of apartments already registered. Additionally, 194 projects have lapsed, with 61% property registration, while 64 projects are completed, with 84% of apartments registered.

Prominent real estate developers involved include Wadhwa Buildcon LLP, Housing Development & Infrastructure Ltd (HDIL), Man Infraprojects, RNA Corp, and Lavasa Corp, among others. 

MahaRERA has been vigilant in monitoring real estate projects and verifying the status of these projects to ensure transparency. The authority has published the list of insolvent projects on its website, urging potential buyers to review it before making any purchasing decisions. This follows a similar list released in April 2023, which proved helpful to many homebuyers.

Manoj Saunik , Chairman, MahaRERA emphasised the importance of safeguarding homebuyers' investments and preventing them from falling into deceptive deals. 

The insolvent projects are spread across various regions in Maharashtra, including Mumbai, Pune, Thane, Palghar, Solapur, and Nagpur, with varying levels of investment and bookings.

Homebuyers are urged to check MahaRERA's updated list to avoid potential financial risks.

(ET)


The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a warning to homebuyers, advising them to avoid purchasing properties in 314 housing projects currently undergoing insolvency proceedings at the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC) of 2016.The Corporate Insolvency Resolution Process (CIRP) was initiated against these projects by banks, financial institutions, and other creditors. Among the 314 projects, 56 are ongoing, with over 34% of apartments already registered. Additionally, 194 projects have lapsed, with 61% property registration, while 64 projects are completed, with 84% of apartments registered.Prominent real estate developers involved include Wadhwa Buildcon LLP, Housing Development & Infrastructure Ltd (HDIL), Man Infraprojects, RNA Corp, and Lavasa Corp, among others. MahaRERA has been vigilant in monitoring real estate projects and verifying the status of these projects to ensure transparency. The authority has published the list of insolvent projects on its website, urging potential buyers to review it before making any purchasing decisions. This follows a similar list released in April 2023, which proved helpful to many homebuyers.Manoj Saunik , Chairman, MahaRERA emphasised the importance of safeguarding homebuyers' investments and preventing them from falling into deceptive deals. The insolvent projects are spread across various regions in Maharashtra, including Mumbai, Pune, Thane, Palghar, Solapur, and Nagpur, with varying levels of investment and bookings.Homebuyers are urged to check MahaRERA's updated list to avoid potential financial risks.(ET)

Next Story
Infrastructure Urban

DDA Approves Rs 87.2 Billion Budget for 2025-26

The Delhi Development Authority (DDA) has approved a budget of Rs 87.2 billion for the financial year 2025-26, with a strong emphasis on civic infrastructure development, green space rejuvenation, housing, and sports facilities, according to an official statement. Chaired by Lieutenant Governor V.K. Saxena, the budget meeting highlighted several large-scale projects, including the revitalisation of the Yamuna floodplain, creation of expansive parks, and upgraded civic amenities. Out of the total outlay, Rs 41.4 billion has been earmarked for capital expenditure, covering new roads, infrastruc..

Next Story
Infrastructure Energy

Vi Taps Cisco to Power Next-Gen Network

Telecom operator Vodafone Idea (Vi) has joined hands with US-based tech major Cisco Systems to revamp its transport network infrastructure across India. The strategic partnership aims to enhance network performance, scalability, and user experience for both retail and enterprise customers. As part of the agreement, Vi will deploy Cisco’s advanced Multiprotocol Label Switching (MPLS) technology to create a high-capacity, software-driven transport network. This will significantly improve the telecom player’s ability to manage surging data traffic and support data-heavy digital services such..

Next Story
Building Material

GPT Infra Commissions New Steel Girder Plant Near Kolkata

GPT Infraprojects announced the successful commissioning of its steel girder and components manufacturing facility in West Bengal on April 24, 2025. Located in Village Majinan, Hooghly district—about 60 km from Kolkata—the plant begins operations with an initial capacity of 10,000 metric tonnes per annum (MTPA). The company stated that the facility is in the process of securing RDSO (Research Designs and Standards Organisation) approval for manufacturing steel bridge girders. Once approved, this unit is expected to become a key asset for the company’s steel bridge segment, catering to c..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?