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
Two arrested in two separate operations involving interstate drug trafficking network, hashish, tramadol, narcotics seized

Mumbai: Acting on specific information, NCB Mumbai seized 1080 bottles of Codeine Based Cough Syrup (CBCS) weighing 108 kg and arrested N. Sheikh in Mumbai on August 8. He had attempted to smuggle the seized CBCS bottles, which were being transported in a passenger bus plying between Gujarat and Mumbai. The seized drugs were to be sold in Mumbai, Bhiwandi and adjoining areas. During the spot investigation, a distributor based in Gujarat was identified. Immediately, a follow-up team left for Gujarat and after extensive field surveillance, a distributor and his warehouse located in Vadodara, Gujarat were seized from where another 13938 CBCS bottles and 12,240 Tramadol tablets were seized. In an attempt to avoid signs of diversion of CBCS bottles, the numbers were found to be tampered with in several CBCS bottles. Moreover, several incriminating documents including fake receipts which were used to convert NRx i.e. narcotics based medicines were also seized.
During the investigation, it was noted that N. Sheikh, who was primarily operating from Bhiwandi area of Thane district in Maharashtra, had earlier been arrested by Maharashtra Police in another NDPS case. His area of operation was Bhiwandi.
It was also informed that the distributor based in Gujarat is wanted in NDPS cases registered by the police.
Tramadol and CBCS are strictly prescription based opioid drugs with legitimate medical use. Tramadol alters the central nervous system (CNS) and is considered to manage pain. Its non-prescribed use causes respiratory depression, rapid heart rate which can lead to fatal outcomes. It has severe withdrawal effects which makes it a dangerous substance for drug abuse. CBCS is commonly used to treat common cough and cold. However, codeine, being an opioid, has addictive and CNS depressant effects, the overdose of which can cause severe respiratory problems, liver and kidney damage with fatal consequences.
Acting on specific information, NCB Mumbai seized 1.060 kg of hashish during a search of the house of a woman named AJ Sheikh in Ghatkopar, Mumbai on August 12. The seized hashish was concealed in household goods and was recently purchased for sale in Mumbai and adjoining areas.
During interrogation, it has been revealed that the arrival of hashish was stopped to a great extent due to stringent drug enforcement measures and the upcoming festive season, due to which the seized hashish was bought by AJ Sheikh and his drug associates at high prices to take advantage of the opportunity. Other key drug associates have been identified and are being traced for their arrest.
Marijuana is a naturally occurring drug with a high THC content that is extracted from the cannabis plant, which is commonly grown in Uttarakhand, Himachal Pradesh and Jammu and Kashmir. Prolonged use of marijuana impairs cognitive and reflex development, with adverse effects on memory.
Both cases are under investigation. Both operations highlight the NCB’s continued efforts to dismantle organised drug gangs and target habitual criminals who fuel the drug ecosystem.
Maharashtra
Stagnant job market exposes reality behind 5-trillion economy: Shiv Sena(UBT) in ‘Saamana’

Mumbai, Aug 13: The Shiv Sena Uddhav Balasaheb Thackeray on Thursday claimed that while the ruling administration frequently boasts about sustaining strong economic and industrial growth despite global instability, official government figures presented in Parliament have severely challenged these claims.
According to data released on Monday by the Ministry of Statistics, job opportunities in India neither increased nor decreased over the past year. The Periodic Labour Force Survey (PLFS) indicates that the domestic job market remains entirely stagnant, the party said.
The Thackeray camp, in an editorial in the party’s mouthpiece, ‘Saamana’, said that the ministry’s report reveals key indicators regarding the current state of employment in the country. The unemployment rate for the current quarter stands at 5.5 per cent, compared to 5.6 per cent a year ago. Salaried employees constituted 51.4 per cent in June, a slight movement from 51.2 per cent recorded the previous June. The proportion of female workers saw a negligible rise from 32 per cent to 32.7 per cent. Job opportunities in rural areas have continued to decline.
While government supporters argue that stable unemployment figures show resilience, critics highlight a deepening crisis among educated youth, said the editorial. It further added that India’s graduate youth population has reached 6.30 crore, growing 13-fold over four decades, while unemployed graduates grew 16-fold in the same timeframe. Six out of every ten graduate youths are currently unemployed.
According to an Azim Premji University report, two out of every three unemployed youths hold a degree — meaning they possess the qualifications but lack employment opportunities. Out of every 1,000 job-seeking youths, only 12 secure permanent employment, said the editorial.
The Uddhav Thackeray-led Shiv Sena argued that the Statistics Ministry’s figures directly contradict recent claims made by Union Labour Minister Mansukh Mandaviya, who stated that the government created 1.7 crore new jobs annually over its 12-year tenure. The statistics also validate concerns raised recently by Opposition leader Rahul Gandhi during the “Chatron Ki Goonj” event in Prayagraj regarding youth unemployment.
The Thackeray camp claimed that the government, which boasts about a “five trillion” economy, has failed to create a single new job in the past year. The administration has failed to deliver on its promise of creating two crore jobs per year, leaving millions of qualified graduates facing uncertain futures.
“This is the “mirror” to the Modi government’s economic policies, and it has been shown by one of their own ministries. The country’s Home Minister, who suggests “fry pakodas if there is no job,” and the Prime Minister, who made a “Hello Friends” reel addressing the youth out of fear of protests at Jantar Mantar, need to take a look at themselves in this mirror,” it noted.
Maharashtra
Mumbai : There is no solution to the problem of landslides in the last 15 years, 22,483 families live in dangerous areas in the city and suburbs

Mumbai: Hill collapses are not new to Mumbai, but the state government has failed to take serious steps to address the problem in the last 15 years. In the last 34 years, 340 people have lost their lives and over 300 have been injured in landslides.
In 25 of Mumbai’s 36 assembly constituencies, 257 places in hilly areas have been classified as dangerous. RTI activist Anil Gilgali said that the Mumbai Slum Improvement Board had recommended the relocation of 9,657 out of 22,483 identified slums on priority basis. It had also proposed to make the remaining slums safe by building protective walls around the hills. Gilgali had earlier warned the Maharashtra government about the risk of landslides at 327 places during the monsoon season.
Between 1992 and 2026, 340 people died and over 300 were injured in landslides. The Mumbai Slum Improvement Board had recommended relocation. A comprehensive survey was conducted in 2010. If action had been taken then, the deaths of the residents of these hilly areas could have been prevented. Following the board’s report and Anil Gilgali’s correspondence, the then Chief Minister Prithviraj Chavan ordered the Urban Development Department to prepare an action plan on September 1, 2011. However, 15 years have passed since then, and the Urban Development Department is yet to start working on it. In other words, no one has prepared an ‘Action Taken Plan’ (ATP) as directed by the Chief Minister,
-
Crime4 years agoClass 10 student jumps to death in Jaipur
-
Maharashtra2 years agoMumbai Local Train Update: Central Railway’s New Timetable Comes Into Effect; Check Full List Of Revised Timings & Stations
-
Maharashtra2 years agoMumbai To Go Toll-Free Tonight! Maharashtra Govt Announces Complete Toll Waiver For Light Motor Vehicles At All 5 Entry Points Of City
-
Maharashtra2 years agoFalse photo of Imtiaz Jaleel’s rally, exposing the fooling conspiracy
-
National News2 years agoMinistry of Railways rolls out Special Drive 4.0 with focus on digitisation, cleanliness, inclusiveness and grievance redressal
-
Maharashtra2 years agoMaharashtra Elections 2024: Mumbai Metro & BEST Services Extended Till Midnight On Voting Day
-
National News2 years agoJ&K: 4 Jawans Killed, 28 Injured After Bus Carrying BSF Personnel For Poll Duty Falls Into Gorge In Budgam; Terrifying Visuals Surface
-
Crime2 years agoBaba Siddique Murder: Mumbai Police Unable To Get Lawrence Bishnoi Custody Due To Home Ministry Order, Says Report
