Team Blitz India
MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRera) has issued registration numbers to 4,332 new projects out of 5,471 applications it received.
Pune had the highest number of projects at 1,172, followed by Thane (597), Mumbai Suburban (528), Raigad (450), Nagpur (336), Nashik (310) and the rest.
Region-wise, the Mumbai Metropolitan Region (MMR) comprising Mumbai, Mumbai Suburban, Thane, Raigad, also known as Konkan Region, had the highest number at 1,976 new projects.
After this, Pune, Kolhapur, Solapur, Sangli and Satara in Western Maharashtra had second highest approvals with 1,415 projects, followed by Vidarbha with 437 projects. Northern Maharashtra saw 347 new projects, out of which Marathwada had 149 new projects, including 117 from Aurangabad. Additionally, there are 8 projects in Dadra and Nagar Haveli.
To ensure timely completion of projects and to avoid grievances from homebuyers, prior to sanctioning registration, MahaRera scrutinises every project thoroughly at three levels – legal, financial, and technical. Apart from this, owing to irregularities in the Kalyan-Dombivali area, while seeking MahaRera registration, it has been made mandatory to get a copy of ‘Commencement Certificate’ from the concerned planning authorities.
This communication is shared via email with planning authorities as well as MahaRera. Registration number is not issued until the due diligence is done. There are 1,139 projects still pending approvals because of deficiencies at developers’ end. Once the developers rectify errors, registration numbers will be issued to them.
In Pune, out of 1,431 projects, registration numbers have been issued to 1,172 projects. In Thane, out of 765 projects, 597 have been registered. In Mumbai Suburbs, out of 655 projects, 528 have been registered. In Raigad, out of 546 projects, 450 have been registered. In Nagpur, out of 404 projects, 336have been registered, and in Nashik, out of 381 projects, 310 have been registered.
