Realty projects stuck due to missing MahaRERA updates
Real Estate

Realty projects stuck due to missing MahaRERA updates

In an attempt to ensure transparency and authenticity in the real estate sector, local civic bodies and planning authorities were mandated to send commencement and occupation certificates for real estate projects to MahaRERA's dedicated email ID for verification. Despite major civic corporations adhering to this requirement, several municipal councils and town planning authorities have neglected the directive. As a consequence, the registration of approximately 160 real estate projects in the state has been left pending.

In light of past incidents involving forged civic clearance documents submitted during project registrations, MahaRERA's move was aimed at maintaining the credibility of the industry. However, the non-compliance of certain local bodies has resulted in a backlog of projects seeking registration approval. This issue has prompted concerns within the industry, with experts warning that the affected projects could face delays and developers might encounter uncertainty.

Hitesh Thakkar, Vice President of NAREDCO (National Real Estate Development Council), highlighted the divergence between major civic corporations and the non-compliant councils and authorities. The latter's failure to follow the mandated procedure not only contravenes the directives of the urban development department and the high court but also jeopardises the progress of these projects and the stability of the developers involved.

In an attempt to ensure transparency and authenticity in the real estate sector, local civic bodies and planning authorities were mandated to send commencement and occupation certificates for real estate projects to MahaRERA's dedicated email ID for verification. Despite major civic corporations adhering to this requirement, several municipal councils and town planning authorities have neglected the directive. As a consequence, the registration of approximately 160 real estate projects in the state has been left pending. In light of past incidents involving forged civic clearance documents submitted during project registrations, MahaRERA's move was aimed at maintaining the credibility of the industry. However, the non-compliance of certain local bodies has resulted in a backlog of projects seeking registration approval. This issue has prompted concerns within the industry, with experts warning that the affected projects could face delays and developers might encounter uncertainty. Hitesh Thakkar, Vice President of NAREDCO (National Real Estate Development Council), highlighted the divergence between major civic corporations and the non-compliant councils and authorities. The latter's failure to follow the mandated procedure not only contravenes the directives of the urban development department and the high court but also jeopardises the progress of these projects and the stability of the developers involved.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code