Maharashtra
314 Housing Projects In Maharashtra Under Insolvency Proceedings: MahaRERA
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has informed that a total of 314 projects registered with the Authority are undergoing proceedings at the National Company Law Tribunal (NCLT) under the insolvency and bankruptcy code. The real estate regulator has published the list on its website to prevent homebuyers from getting deceived.
The insolvency and bankruptcy proceedings have been initiated by various banks, financial institutions, and other entities extending line of credit to the real estate sector.
Among these 314 projects, significant investment has been made. Of them, 56 are ongoing projects with an average registration of apartments at over 34%. Likewise, among the balance 194 projects that are lapsed, the average registration done is over 61%. The balance 64 projects have been completed, with a registration rate of 84% for the apartments.
MahaRERA has initiated several measures to keep a check of all real estate projects. Not only the information shared by the developers is verified, but also keeps itself abreast with project’s status through other sources. The list of projects facing proceedings in NCLT has been compiled based on information obtained from various sources and verified through the relevant authorities’ as well.
Stating that the Authority is consistently working to ensure that homebuyers’ investments remain safe and protected, MahaRERA Chairman Manoj Saunik said, “The MahaRERA has compiled this crucial information of the projects undergoing insolvency and bankruptcy proceedings from various sources and has also verified the same from NCLT’s website. A comprehensive and compiled list has been made public for the larger interest of the homebuyers. The list of 314 projects undergoing insolvency and bankruptcy is part of the efforts to alert the homebuyers and prevent them from getting deceived. In April 2023, MahaRERA had brought out a district wise list of 308 such projects, which proved to be helpful to several homebuyers. MahaRERA appeals to everyone to check this list prior to deciding on purchasing a property.”
About The Projects
Of the 88 projects in Suburban Mumbai, 51 are 70% invested. Similarly, in Pune, of the 50 projects, 75% of 45 projects are already booked. In Thane, 52 out of 106 projects have investments of 50%. In Palghar, 16 out of 18 projects are 74% booked.
In Solapur, all the 5 projects have 87% investment. In Nagpur, both the projects have 60% investment and the sole lapsed project in Chhatrapati Sambhajinagar is 55% invested.
Additionally, out of the 9 lapsed projects in Mumbai City, 2 of them already have an investment of 68%. In Nashik, there is 34% investment in all the 3 lapsed projects. Whereas, in Raigad, of the 15 lapsed projects, 13 are 32% invested.
Of the 56 ongoing projects, 21 are from Mumbai suburbs (with 38% investment), 20 in Thane (28% investment), 6 in Mumbai City (31% investment), 5 in Pune (41% investment), 2 in Palghar (65% investment), 2 in Raigad (9% investment) and 1 in Ratnagiri (nil investment).
Among the 64 completed projects, 35 are in Thane and 18 in the Mumbai suburbs. Additionally, there are 9 projects in the Haveli area and 2 in Pune. The total percentage of registration done is 91% for housing projects in Thane, 87% of the apartments in Mumbai suburbs are registered, and 96% in case of projects in Pune. On an average, 84% of the apartments in all the completed projects have been registered.
It is unclear if these 314 projects undergoing insolvency and bankruptcy proceedings, are still accepting new customers. Hence, to ensure transparency and prevent homebuyers from getting deceived, MahaRERA has compiled the list and published it on its portal, as it is of the view that it will help in alerting and guiding people. MahaRERA has appealed to the homebuyers to go through the list prior to purchasing a home.
Maharashtra
Maha CM downplays Thackeray brothers’ Oct 4 protest against CEC

Mumbai, Sep 29: Maharashtra Chief Minister Devendra Fadnavis on Tuesday reacted to the joint protest march announced by Maharashtra Navnirman Sena (MNS) chief Raj Thackeray and Shiv Sena (UBT) chief Uddhav Thackeray against Chief Election Commissioner (CEC) Gyanesh Kumar, stating that while protesting is a democratic right, political leaders must examine the authenticity of their claims.
The Thackeray brothers announced a mega protest march in Mumbai on October 4 to highlight alleged bias and irregularities in the Election Commission of India (ECI) under CEC Gyanesh Kumar.
Addressing reporters after chairing the weekly cabinet meeting, CM Fadnavis said, “Everyone has the right to protest in a democracy. I will not criticise who is protesting. However, one must understand how serious the issue is and verify the reality behind the examples cited before taking to the streets. A detailed response will be given after their protest.”
The march will begin at 10 a.m. on October 4 from the Richardson & Cruddas company premises in Byculla and proceed to the Brihanmumbai Municipal Corporation (BMC) headquarters, culminating in a joint public rally around 11:30 a.m.
Raj Thackeray took a direct jab at the ruling Bharatiya Janata Party (BJP) after it dismissed the allegations against CEC Gyanesh Kumar as fabricated.
He asked, “If our protest is directed against the Election Commission, why is the BJP feeling the sting? There is a Marathi proverb, Khai tyala khavkhave (a guilty conscience needs no accuser).”
He reiterated that the demonstration transcends party politics and invited all political parties, including ruling coalition members dissatisfied with the ECI’s recent decisions, to join.
In the same briefing, CM Fadnavis addressed two other updates. Following a rally by the Matang community demanding sub-categorisation in reservations, he said a panel chaired by the Chief Secretary will examine their demands, emphasising that benefits must reach deprived sections without creating caste divisions.
He also announced that returning Agniveers will be absorbed into state security forces and police services without mandatory entrance exams or additional basic training. Age relaxations of up to four years and supernumerary posts will be provided to ensure full integration into public service.
Maharashtra
Govt to provide global job opportunities for youth: Maha CM

Mumbai, Sep 29: Chief Minister Devendra Fadnavis on Tuesday said that to make the country’s youth employable, it is essential to integrate skill development, training and employment alongside education.
He stressed that merely acquiring a degree is not enough, and with rapidly changing technologies such as AI, semiconductors and quantum computing, continuous upskilling is the need of the hour.
He added that there is huge demand for human resources in over 28 countries worldwide, and the government is actively working to provide international employment opportunities to Maharashtra’s youth.
He was speaking at the online inauguration of the Pandit Deendayal Upadhyay Maharojgar Melava across all districts of the Konkan and Nashik divisions. The event was organised by the Department of Skills, Employment, Entrepreneurship and Innovation at Shreemati Nathibai Damodar Thackersey (SNDT) Women’s University in Mumbai.
During the event, the Chief Minister personally presented appointment letters to Sahida Parmanik and Kanti Shambhu Chavan, both hired by Crewa Capital Services Pvt. Ltd.
CM Fadnavis said the job fair was organised under the Sewa Sankalp Abhiyan to mark 25 years of Prime Minister Narendra Modi’s leadership.
He said the fair would open up maximum employment and self-employment opportunities for youth in the Konkan and Nashik divisions.
He said education, training and employment form the critical triad required to fulfil PM Modi’s vision of a Developed India (Viksit Bharat).
He emphasised that human resource development through education, training and employment is the foundation for achieving a Developed India by 2047.
“To realise our dream of a poverty-free, unemployment-free and disease-free India, we must build our ecosystem on this three-pronged strategy. Today, 65 percent of the country’s population is an active youth workforce. While entrepreneurs need skilled human resources, young people need jobs. These job fairs serve as a robust bridge connecting both sides,” he said.
Skill Development, Employment and Entrepreneurship Minister Mangal Prabhat Lodha stated that under the Chief Minister’s guidance, initiatives are no longer limited to ITI students. At least three mini-job fairs are being organised in every taluka for youth from all educational backgrounds.
He said the department provided seven days of free pre-employment training, benefiting 61,000 young men and women. With over 1,00,000 registrations for the fair, the department aims to connect at least 70 per cent of participants with job or self-employment opportunities.
Higher and Technical Education Minister Chandrakant Patil said his department is working with the Skill Development Department to ensure employment avenues match the number of graduating students. Beyond job fairs, the initiative focuses on preparing candidates for interviews through soft skills, communication, personality development and management training.
Minister Jaykumar Rawal highlighted Maharashtra’s position as a top investment destination in Asia and the country’s “Startup Capital.”
He said the government is prepared to provide foreign language and skill training to youth seeking employment abroad. Additionally, under the Mobility project, Rs 2,500 crore is being invested in agriculture and marketing sectors to connect farmers’ children with industry and employment.
Across 12 districts in the Konkan and Nashik divisions, over 1,500 employers and 1,00,000 job aspirants registered for the Maharojgar Kumbh. Employers posted requisitions for more than 25,000 vacancies. Candidate-employer matching was coordinated with local educational institutions, government ITIs, district administrations, MIDC, universities and industrial associations.
To encourage women’s participation, an exclusive job fair was organised at SNDT Women’s University, with 36 companies recruiting women across sectors. State corporations also set up informational stalls to promote self-employment schemes.
Crime
Gujarat Police arrest three men from Mumbai in Rs 1.10 crore investment fraud case

Surat, Sep 29: The Surat City Cyber Crime Branch has arrested three men from Mumbai in connection with an alleged Rs 1.10 crore share market investment fraud, with police finding that the bank account used in the case had been linked to complaints from multiple states.
The arrested accused have been identified as Rahul Rajak (27), Ashish Sonar (37), and Bhushan Sendane (34).
Police said Rajak allegedly created a firm in his name, obtained an Udyam certificate and opened a current account with IDFC Bank, which he handed over to Sonar for Rs 10,000.
Sonar allegedly passed the account to Sendane for Rs 30,000, while Sendane subsequently handed it to another accused for Rs 20,000.
According to the police, transactions worth Rs 2,41,03,506 were carried out through the current account between October 18, 2025 and January 9, 2026.
A check on the National Cybercrime Reporting Portal (NCRP) found 29 complaints from different states linked to the account, involving alleged fraud of Rs 16,13,44,790 or about Rs 16.13 crore.
DCP (Cybercrime Cell) Bishakha Jain said, “The three arrested accused had together received Rs 60,000 as commission for facilitating the bank account.”
The case began after the complainant was allegedly contacted in the name of share market investment and promised high returns.
Police said the accused sent him an APK file of a fake Axis Bank application and falsely claimed to be calling from the bank’s customer care service.
The complainant was allegedly asked to download the application, create a demat account and carry out trading through it.
After the account was created, the complainant was instructed to transfer money to different bank accounts for trading.
Police said he transferred Rs 1,10,90,000, but when he later sought to withdraw his investment and the purported profits, the accused demanded additional payments towards withdrawal and other charges.
“The complainant was allowed to withdraw only Rs 5,000, while Rs 1,10,85,000 remained blocked, following which he realised that he had been defrauded,” police said.
A case was registered at the Cyber Crime Police Station under Sections 318(4), 336(2), 338, 336(3), 340(2), 61(2), 3(5) of the Bharatiya Nyaya Sanhita, 2023, and Section 66(D) of the Information Technology Amendment Act, 2008.
Police said efforts are continuing to trace other accused persons allegedly involved in the fraud.
The Cyber Crime Branch has appealed to people to be cautious of advertisements promising high returns through online share market investments and not to transfer money to unknown persons without verification.
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