MahaRERA Clears Over 1,000 Housing Projects Across Maharashtra, Boosting Real Estate Growth
· Free Press Journal
Mumbai: Since Padwa is considered one of the three-and-a-half auspicious muhurtas, it is regarded as an ideal time to purchase a home. In keeping with the tradition of launching new housing projects on such an auspicious occasion, the Maharashtra Real Estate Regulatory Authority (MahaRERA) approved 1,060 projects. This included issuing registration numbers, granting extensions to ongoing projects as requested by developers, and allowing corrections in a few approved projects.
MahaRERA worked around the clock, including on holidays. Just a day before Padwa, as many as 211 applications were processed. Of these, 124 projects were granted registration numbers, 53 projects received extensions, and corrections were approved for 34 proposals.
Of the 1,060 projects approved up to Padwa, MahaRERA issued registration numbers to 486 new housing projects. As per developers’ requests, along with project completion plans, proposals for timeline extensions for 426 projects were approved. Additionally, 148 older projects had submitted proposals for certain corrections, which were also permitted.
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MahaRERA Orders Developers To Complete Amenities, Allot Permanent Parking In Navi Mumbai's Kharghar ProjectAmong the projects that received MahaRERA registration numbers, 607 are from the Mumbai Metropolitan Region, 321 from Pune, 63 from Khandesh, 50 from Vidarbha, 14 from Marathwada, and 5 from Dadra and Nagar Haveli.
In terms of the number of projects, Pune district leads with 286 projects, followed by Mumbai Suburban with 196 projects, Thane with 185 projects, and Raigad with 110 projects. These districts have recorded project counts in triple digits.
MahaRERA consistently strives to grant approvals only to projects that strictly adhere to prescribed legal, technical, and financial criteria after thorough scrutiny. To achieve this, the entire team of MahaRERA’s registration department has been making continuous efforts.
District-wise Details of Approvals
Mumbai Metropolitan Region (MMR): 607 projects
Mumbai Suburban 196
Thane 185
Raigad 110
Palghar 52
Mumbai City 42
Ratnagiri 14
Sindhudurg 8
Pune Region: 321 projects
Pune 286
Satara 16
Kolhapur 13
Sangli 5
Solapur 1
MahaRERA Directs Ashapura Homes To Hand Over Flat With OC, Pay Interest For DelayKhandesh: 63 projects
Nashik 41
Ahilyanagar 19
Jalgaon 2
Dhule 1
Vidarbha: 50 projects
Nagpur 42
Amravati 6
Chandrapur
Yavatmal 1 each
Marathwada: 14 projects
Sambhajinagar 10
Nanded 2
Latur
Dharashiv 1 each
Dadra Nagar Haveli: 5 projects
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