MahaRERA extends deadline for completion of 8 projects in Mumbai
Real Estate

MahaRERA extends deadline for completion of 8 projects in Mumbai

In a series of orders issued over the course of the past month, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has permitted developers of at least eight projects in the Mumbai Metropolitan Region (MMR) to extend project completion dates without the necessary approval of the homebuyers.

The MahaRERA made the decision in cases where there are indications that the project will be finished soon.

These rulings follow a MahaRERA policy decision from December 2022 that permitted developers to request for an extension under section 7 of the RERA Act without the required 51 per cent approval of homebuyers, with a later decision being made on a case-by-case basis for genuine applicants.

What is the order? The MahaRERA extended the deadline for developments in the MMR, including Poonam Heights, Ekta Parksville phase 2, Brooklyn Park phase 2, Ekta Parksville phase 3, Brooklyn Park phase 4, Ekta Greenville phase 2, and Ekta Tripolis phase 1, citing the need to protect homeowners' interests.

These projects received extensions after their developers submitted MahaRERA applications in accordance with RERA Act section 7(3).

Also read:
Private equity inflows into Indian real estate fell 95%
Centre to discuss ways to redress consumer grievances in real estate


In a series of orders issued over the course of the past month, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has permitted developers of at least eight projects in the Mumbai Metropolitan Region (MMR) to extend project completion dates without the necessary approval of the homebuyers. The MahaRERA made the decision in cases where there are indications that the project will be finished soon. These rulings follow a MahaRERA policy decision from December 2022 that permitted developers to request for an extension under section 7 of the RERA Act without the required 51 per cent approval of homebuyers, with a later decision being made on a case-by-case basis for genuine applicants. What is the order? The MahaRERA extended the deadline for developments in the MMR, including Poonam Heights, Ekta Parksville phase 2, Brooklyn Park phase 2, Ekta Parksville phase 3, Brooklyn Park phase 4, Ekta Greenville phase 2, and Ekta Tripolis phase 1, citing the need to protect homeowners' interests. These projects received extensions after their developers submitted MahaRERA applications in accordance with RERA Act section 7(3). Also read: Private equity inflows into Indian real estate fell 95% Centre to discuss ways to redress consumer grievances in real estate

Next Story
Real Estate

I-T Department Targets Landowners for Tax Evasion

The Income Tax (I-T) Department is intensifying its scrutiny of landowners who are found to be evading capital gains tax through joint development agreements (JDAs). As part of a crackdown on tax evasion in the real estate sector, the department is targeting landowners who fail to report their share of capital gains on properties involved in joint development projects. In a joint development deal, landowners typically contribute their land for development, and in return, they receive a portion of the constructed property or its value. However, many landowners have reportedly avoided declaring..

Next Story
Real Estate

Goa Approves Inorbit Mall's Land Conversion

The Town and Country Planning (TCP) department of Goa has granted approval for Inorbit Malls India to convert 23,497 square meters of orchard land for commercial use. This decision will facilitate the development of a major retail and commercial hub, potentially transforming the retail landscape in the region. Inorbit Malls, a leading player in India's retail real estate sector, aims to build a state-of-the-art mall that will offer shopping, dining, and entertainment options to the growing consumer base in Goa. The land conversion approval is an essential step for Inorbit Malls, as it allows ..

Next Story
Real Estate

Buildox Fined for Unapproved Flat Booking

Buildox, a real estate developer in Telangana, has been fined for collecting booking amounts for flats without obtaining the necessary approval from the Telangana Real Estate Regulatory Authority (RERA). The developer’s actions were deemed a violation of RERA guidelines, which require all real estate projects to be registered before any bookings or advance payments can be made. The fine imposed highlights the importance of compliance with the regulatory framework governing real estate transactions in the state. Under RERA, builders and developers are obligated to ensure that their projects ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000