MahaRERA maintains 1,750 abandoned housing project registrations on file.

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has started the process of taking similar action on another 1,137 projects, while also keeping the registration of 1,750 abandoned housing projects in the state on hold.

With 761 projects still unfinished out of these 1,750 total, the Mumbai Metropolitan Area has the most. The second-highest number of these projects is found in the Pune region (628), which is followed by North Maharashtra (135), Vidarbha (110), Marathwada (100), Dadra Nagar Havel (13), and Daman (3).

Homebuyers are advised to exercise caution when investing in any of these developments by the real estate authority. The MahaRERA website has a comprehensive list of these halted projects.

When applying for MahaRERA registration, developers are required to include the estimated completion date of the project. Should the project be finished beyond the specified date of completion, the developer must file an Occupancy Certificate, or Form IV, to MahaRERA.

The developer will need to start the registration renewal process if the project isn’t finished. If there are any difficulties getting the project started an application for the project’s de-registration is required.

A project of this kind is deemed to have expired after its anticipated completion date if the developer fails to conduct any of the aforementioned actions. A project’s bank accounts are closed when it is declared to have lapsed. Additionally, the developer is not allowed to market or advertise the project or sell or register the apartments within it.

For these grounds, developers of 6,638 projects throughout Maharashtra received a 30-day notice to show cause from the MahaRERA. 3,751 of these projects have either filed for project cancellation, presented an occupancy certificate, or requested a registration renewal.

Out of the 2,887 projects that are still pending, MahaRERA has put 1,750 on hold and taken action to put 1,137 on hold.