MahaRERA Keeps Registration Of 1,750 Lapsed Housing Projects In Abeyance

MahaRERA Keeps Registration Of 1,750 Lapsed Housing Projects In Abeyance

Of these 1,750 projects, maximum 761 projects are in Mumbai Metropolitan Region while 628 projects are in Pune region followed by North Maharashtra (135), Vidarbha (110), Marathwada (100), Dadra Nagar Havel (13) and Daman (3).

FPJ News ServiceUpdated: Monday, June 10, 2024, 04:47 PM IST
article-image
MahaRERA Keeps Registration Of 1,750 Lapsed Housing Projects In Abeyance | Representational Image

Mumbai: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has kept in abeyance the registration of 1,750 lapsed housing projects spread across the state. It has also initiated measures to take similar action against another 1,137 projects.

Of these 1,750 projects, maximum 761 projects are in Mumbai Metropolitan Region while 628 projects are in Pune region followed by North Maharashtra (135), Vidarbha (110), Marathwada (100), Dadra Nagar Havel (13) and Daman (3).

Mentioning that the proposed date of the project’s completion is mandatory for developers applying for MahaRERA registration, MahaRERA said that if the project is completed after this declared project completion date, the developer will be required to submit an Occupancy Certificate i.e. Form IV to the Authority. In case the project remains incomplete, the developer will have to initiate the registration renewal process. In the event of any challenges in starting the project, an application for the project’s de-registration is necessary.

If none of the above measures are taken by the developer, then such a project is declared as lapsed after its proposed completion date. Once a project is declared lapsed, its bank accounts are sealed. The developer is also barred from advertising and marketing besides selling and registering the flats.

Owing to such reasons, the MahaRERA issued a 30-day show cause notice to developers of 6,638 projects across Maharashtra. Of these, 3,751 projects have either submitted an Occupancy Certificate, or applied for renewal of registration, or filed for project cancellation. Of the remaining 2,887 projects, MahaRERA has kept 1,750 in abeyance and initiated steps to suspend 1,137.

“MahaRERA has always been striving to ensure that no customer is misled or cheated in any way during their entire process of buying a home. From the start of the project to its completion, all project-related information available with the developer should be made available to the homebuyer for a well-informed decision while buying a home. With this objective, MahaRERA, based on various regulatory provisions, is thoroughly monitoring the real estate sector at various levels. A dedicated Compliance Cell has been established for this purpose. It is mandatory to update the status of each project on MahaRERA’s website and insist on the submission of compliance reports within the stipulated timelines,” Chairperson of MahaRERA, Ajoy Mehta said.

The Authority has also urged homebuyers to be cautious while investing in any of these projects. The complete list of suspended projects is available on MahaRERA’s website.

PROJECTS KEPT IN ABEYANCE:

Konkan: 761

Mumbai City 48

Mumbai Suburb 115

Thane 182

Palghar 99

Raigad 216

Ratnagiri 77

Sindhudurg 23

Pune Region: 628

Pune 462

Kolhapur 36

Sangli 27

Solapur 24

Satara 79

North Maharashtra: 135

Nashik 87

Ahmednagar 32

Jalgaon 10

Dhule 3

Nandurbar 3

Vidarbha: 110

Nagpur 50

Amravati 24

Bhandara 2

Chandrapur 9

Gadchiroli 1

Wardha 7

Akola 8

Buldana 3

Yavatmal 6

Marathwada: 100

Chhatrapati Sambhaji Nagar 66

Beed 13

Jalna 7

Latur 5

Parbhani 5

Nanded 3

Hingoli 1

Dadra Nagar Haveli: 13

Daman: 3

RECENT STORIES

Mumbai News: Five-Judge Bench To Decide On Quashing Of Domestic Violence Compensation

Mumbai News: Five-Judge Bench To Decide On Quashing Of Domestic Violence Compensation

Mumbai: Jains Protest Vandalism Of Tirthankara Idols At Gujarat's Pavagadh

Mumbai: Jains Protest Vandalism Of Tirthankara Idols At Gujarat's Pavagadh

FPJ Special: 'Hidden' Chamber Discovered At Entrance Of Historic Ghodbunder Fort

FPJ Special: 'Hidden' Chamber Discovered At Entrance Of Historic Ghodbunder Fort

Sena Foundation Day 2024: Uddhav & Shinde Faction Gear Up For Foundation Day Event

Sena Foundation Day 2024: Uddhav & Shinde Faction Gear Up For Foundation Day Event

Mumbai News: MHADA To Pay Rent In One Instalment To BDD Chawl Tenants

Mumbai News: MHADA To Pay Rent In One Instalment To BDD Chawl Tenants