+
MAHARERA: 182 Realty Projects Lack Registration
Real Estate

MAHARERA: 182 Realty Projects Lack Registration

Maharashtra Real Estate Regulatory Authority (Maharera) has revealed that a staggering 182 realty projects across the state lack proper registration. This development has raised significant concerns about transparency, accountability, and the overall positioning of these projects within the real estate industry.

Maharera, the regulatory body formed to safeguard the interests of homebuyers and promote fair practices in the real estate sector, has been actively monitoring and ensuring compliance with regulations. However, the revelation that nearly 182 projects are operating in violation of the law is alarming.

The absence of registration under Maharera raises questions about these projects' adherence to important regulations, including the timely delivery of properties and necessary compensation in case of any grievances. Without proper registration, homebuyers risk losing their investments and facing a lack of legal recourse.

These unregistered projects are a cause of significant concern in the real estate market as they are not subject to regulatory oversight and the safeguards put in place by Maharera. With the absence of proper registration, the onus falls on homebuyers to exercise caution and exercise due diligence before investing their hard-earned money in such projects.

Furthermore, the lack of registration undermines the credibility of the real estate industry as a whole. It reinforces the need for stricter enforcement of registration requirements, ensuring that projects adhere to the rules and regulations set forth by Maharera. This will go a long way in establishing trust among homebuyers and investors and improving the overall perception of the industry.

Maharera must take immediate action to address this issue. The regulatory body needs to identify the unregistered projects, investigate the reasons behind the non-compliance, and take appropriate action against the developers responsible. Additionally, steps should be taken to raise awareness among homebuyers about the importance of investing in registered projects and the potential risks associated with unregistered ones.

It is essential for the real estate industry and regulating bodies to work hand in hand to ensure that all projects are registered and compliant with the necessary regulations. This will not only protect the interests of homebuyers and investors but will also help in the overall growth and development of the real estate sector.

In conclusion, the revelation by Maharera that 182 realty projects lack proper registration is a matter of significant concern. The absence of registration not only exposes homebuyers to risks but also tarnishes the industry's credibility. Therefore, immediate steps should be taken to address this issue and ensure that all projects comply with the regulatory requirements to safeguard the interests of all stakeholders involved.

Maharashtra Real Estate Regulatory Authority (Maharera) has revealed that a staggering 182 realty projects across the state lack proper registration. This development has raised significant concerns about transparency, accountability, and the overall positioning of these projects within the real estate industry. Maharera, the regulatory body formed to safeguard the interests of homebuyers and promote fair practices in the real estate sector, has been actively monitoring and ensuring compliance with regulations. However, the revelation that nearly 182 projects are operating in violation of the law is alarming. The absence of registration under Maharera raises questions about these projects' adherence to important regulations, including the timely delivery of properties and necessary compensation in case of any grievances. Without proper registration, homebuyers risk losing their investments and facing a lack of legal recourse. These unregistered projects are a cause of significant concern in the real estate market as they are not subject to regulatory oversight and the safeguards put in place by Maharera. With the absence of proper registration, the onus falls on homebuyers to exercise caution and exercise due diligence before investing their hard-earned money in such projects. Furthermore, the lack of registration undermines the credibility of the real estate industry as a whole. It reinforces the need for stricter enforcement of registration requirements, ensuring that projects adhere to the rules and regulations set forth by Maharera. This will go a long way in establishing trust among homebuyers and investors and improving the overall perception of the industry. Maharera must take immediate action to address this issue. The regulatory body needs to identify the unregistered projects, investigate the reasons behind the non-compliance, and take appropriate action against the developers responsible. Additionally, steps should be taken to raise awareness among homebuyers about the importance of investing in registered projects and the potential risks associated with unregistered ones. It is essential for the real estate industry and regulating bodies to work hand in hand to ensure that all projects are registered and compliant with the necessary regulations. This will not only protect the interests of homebuyers and investors but will also help in the overall growth and development of the real estate sector. In conclusion, the revelation by Maharera that 182 realty projects lack proper registration is a matter of significant concern. The absence of registration not only exposes homebuyers to risks but also tarnishes the industry's credibility. Therefore, immediate steps should be taken to address this issue and ensure that all projects comply with the regulatory requirements to safeguard the interests of all stakeholders involved.

Next Story
Infrastructure Urban

Autodesk Appoints Kamolika Gupta Peres as VP, India & SAARC

Autodesk announced the appointment of Kamolika Gupta Peres as vice president, Autodesk India and SAARC business, effective June 2025. In her new role, she will lead Autodesk’s growth and scaling efforts in India and SAARC, strengthen the company’s customer and partner ecosystem, and further deepen Autodesk’s position as a trusted transformation partner in the region.Known for her agile, empathetic leadership and passion for bold, future-focused transformation, Kamolika brings a people-first approach that inspires clarity, ownership, and high performance across teams. As the leader of Ind..

Next Story
Real Estate

Major Developers Expands into RAK Central

Major Developers announced the acquisition of a prime land parcel in RAK Central, Ras Al Khaimah’s new commercial and administrative hub.  The move marks a significant milestone in the company’s expansion strategy and underscores its commitment to supporting the emirate’s infrastructure-driven ambitions under RAK Vision 2030, Ras Al Khaimah's strategic framework to achieve sustainable, diversified, and globally competitive growth. “With RAK Central, we’ve created a mega-development that is structurally aligned with regional growth, global investment patterns, and natio..

Next Story
Real Estate

Garg Realty to Invest Rs 4 Bn in Dholera for Land Aggregation Projects

Garg Realty Group, a leading real estate builder and developer based in Gurgaon, has announced an investment of over Rs 4 billion for projects in Dholera, Gujarat, over the next 3 years. The company has already invested in 20–22 acres of land in the region and, with this new capital, plans to acquire additional land to cater to Dholera’s rising demand for industrial, commercial, and residential infrastructure. The investment is backed by a mix of internal accruals and financial partnerships, reflecting the long-term commitment to the development of India’s first greenfield smart city.&nb..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?