MahaRERA Momentum: More Projects, But Delays Continue

The real estate market in Maharashtra is moving steadily, with both new projects and ongoing developments shaping the current trend.

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has approved over 1,060 housing projects across the state. Nearly half of these are new registrations, while many existing projects have been given more time to complete.

Out of the total approvals, 486 projects received new registration numbers, while 426 projects were given extensions based on revised timelines. In addition, 148 projects were approved for corrections, showing that changes and adjustments are still happening within the system.

This increase in approvals was mainly seen in the 18 days before Gudi Padwa, a time when property activity usually rises.

To handle the high number of applications, MahaRERA processed 211 proposals in a single day, including 124 registrations, 53 extensions, and 34 corrections. This shows that the approval process is becoming faster.
Regionally, the Mumbai Metropolitan Region (MMR) had the highest share with 607 projects, followed by the Pune region with 321 projects. Other regions also contributed, with Khandesh recording 63 projects, while Vidarbha and Marathwada recorded 50 and 14 projects. Another five projects were approved in Dadra and Nagar Haveli.

At the district level, Pune led with 286 projects, followed by Mumbai Suburban (196), Thane (185), and Raigad (110).

Within MMR, approvals were spread across Mumbai Suburban (196), Thane (185), Raigad (110), Palghar (52), and Mumbai City (42), with smaller numbers from Ratnagiri and Sindhudurg.

MahaRERA stated that all approvals were given after proper checks to ensure legal, technical, and financial compliance. The data shows a balanced situation—new projects are coming in, but many existing ones still need more time.

In another important step, the government has kept the ready reckoner (ASR) rates unchanged for 2026–27, which helps maintain stability in property prices and stamp duty.

Insight

When growth increases, challenges become more visible.

The approval of over 1,060 projects shows strong activity, but the 426 extensions clearly indicate that many projects are still facing delays.

This is not just growth—it is also adjustment.

While 486 new registrations show confidence in the market, the 148 corrections suggest that developers are still making changes to align with real conditions.

The rise in approvals before Gudi Padwa shows that market sentiment continues to play an important role.

At the same time, MMR (607 projects) and Pune (286 projects) remain the key areas driving growth.

Keeping ASR rates unchanged shows that the government is focusing on stability rather than sudden price increases.

Overall, the market shows a mix of progress and pressure.

Faster approvals—211 in one day—reflect better efficiency, but the high number of extensions shows that timelines are still a concern.

This is a market that is growing, but carefully.

In real estate, projects may get approved quickly…
but completing them on time is what truly builds trust.

By Sana Khan
Executive Editor, Realty Quarter