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Maharashtra

314 Housing Projects In Maharashtra Under Insolvency Proceedings: MahaRERA

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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

The government should immediately withdraw the FIRs registered against schools in Mumbai’s slum areas, make them permanent by relaxing the conditions: Abu Asim Azmi

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Mumbai, June 24, 2026: Senior Samajwadi Party leader and MLA from Mankhurd Shivaji Nagar, Abu Asim Azmi, raised the issue of private schools running in slums (slum areas) in the House during the monsoon session of the Maharashtra Assembly. He has demanded that the FIR registered against the principal, secretaries and chairman of these schools be withdrawn immediately and these schools should be saved from closure. Addressing the House, Abu Asim Azmi said, “My constituency Mankhurd Shivaji Nagar is a very poor and backward area. Around 30 to 35 thousand children are studying in private schools here. The capacity of BMC schools in this area has been completely exhausted and there is a long waiting list of children for new admissions. In such a situation, these private schools are the only support for the education of poor children.

Key demands and points:
Relaxation of conditions and regularization

The conditions of the government for approving schools such as open space, playground, etc. are practically impossible to meet in slum areas. Therefore, the government should make special laws for these areas and regularize them. FIRs registered against the management of these schools in Shivaji Nagar and Deonar police stations The R should be withdrawn immediately. He said that the result of these schools is more than 90 percent and their educational standard is better than BMC schools. Here, teachers are teaching children for a meager salary of just Rs. 6,000 to Rs. 7,000. He added that there has been a delay in the formation of the committee. In the last meeting, the government had also assured to form an inquiry committee on this issue, but no committee has been formed so far. Abu Asim Azmi warned that if these schools are closed due to administrative action, the future of 30 to 35 thousand poor children will be completely dark. He has strongly appealed to the government to intervene in this matter immediately.

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Maharashtra

Fake BMC Deputy Commissioner Altaf Sheikh arrested

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Mumbai: Crime Branch claims to have arrested a young man who used to deceive people by posing as BMC Deputy Commissioner. The Crime Branch investigated the complaint of a 45-year-old man named Altaf Sheikh and found the complaint to be valid, after which the Crime Branch laid a trap and arrested him. He also used to use a car with a light. Apart from this, an identity card was also recovered from his possession, a fake sticker of the Government of India and a fake card were also recovered. The accused used to use an official visiting card and used to declare himself as BMC Deputy Commissioner. He was arrested from Malad in a car with a light. This operation was carried out by DCP Raj Tilak Roshan of Mumbai Crime Branch.

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Maharashtra

Murder in Mumbai local train over dispute over closing door during rain

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Mumbai: Tension has flared up in a sensational murder on a Mumbai local train. A passenger was stabbed to death by another passenger on a Mumbai local train. The incident took place at around 10 pm on Tuesday. Police said the deceased passenger has been identified as Mayank Lohar (22). The accused has been identified and six teams have been deployed by the Railway Police to arrest him. After this incident, once again the issue of travel safety has come to the fore. A person was stabbed to death on a Mumbai local train at around 10 pm on Tuesday, June 23. Police said the incident took place in a first class compartment. The incident took place between Borivali and Andheri stations. During heavy rain, an argument broke out over closing the door of the train and it escalated. During this, one passenger stabbed another passenger to death. According to Railway Police sources, after the argument, other people beat up the accused. The enraged accused took out a knife from his bag and attacked Mayank, killing him. The attacker got off the train at Borivali station before it stopped and fled. After the incident, the Railway Police has formed six teams to arrest the accused and the police have also started a search operation and search campaign.

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