Connect with us
Tuesday,10-November-2026
Breaking News

Maharashtra

314 Housing Projects In Maharashtra Under Insolvency Proceedings: MahaRERA

Published

on

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.

Entertainment

Devendra Fadnavis lauds Shehzad Poonawalla’s decision to donate ‘Rise and Fall 2’ prize money to CM Relief Fund

Published

on

Mumbai : The Chief Minister of Maharashtra, Devendra Fadnavis has congratulated the Former spokesperson of Bharatiya Janata Party, Shehzad Poonawalla on his victory in the 2nd season of the reality show ‘Rise and Fall’. On Sunday, the CM took to his X, formerly Twitter, and penned a long note for Shehzad on his victory, and lauded him for his decision to donate his prize money to the CM Relief Fund for Maharashtra’s drought-hit farmers. He wrote, “Your gesture of donating the prize money to the CM Relief Fund for Maharashtra’s drought-hit farmers is truly appreciated. Thank you for standing with our Baliraja”.

Shehzad Poonawalla’s contribution to the CM Relief Fund comes amid the state facing one of its most widespread drought crises in recent years. The state government has declared 305 of its 358 talukas drought-affected, covering more than 85% of the state’s geographical area. The declaration follows a deficient 2026 southwest monsoon, with Maharashtra receiving 804.4 mm of rainfall against the normal 994.5 mm, a shortfall of approximately 19%.

Marathwada is the worst-hit region, as it recorded a 38% rainfall deficit, Vidarbha follows with a 27% deficit. Chhatrapati Sambhajinagar division has the highest number of drought-affected talukas, at 76, followed by Amravati (56), Nashik (52), Nagpur (52) and Pune (51). More than eight lakh farmers have been affected, with soybean and cotton crops suffering. Meanwhile, Shehzad Poonawalla was officially declared the winner of the 2nd season of ‘Rise and Fall’. The show, backed by a powerhouse creative team led by Banijay India, MX Original was hosted by Virender Sehwag. The show is available to stream on MX Player by Prime Video.

Continue Reading

Maharashtra

Authorities Crack Down on Firecrackers: Thane Bans Sky Rockets, Civic Bodies Issue Strict Guidelines

Published

on

MUMBAI — In a decisive move to curb air pollution and prevent fire hazards, civic authorities and district administrations across the Mumbai Metropolitan Region (MMR) and neighboring cities have rolled out strict restrictions on the use of firecrackers. Taking serious note of a recent surge in fire emergencies, the Thane district administration has imposed a blanket ban on sky rockets and similar aerial firecrackers. The prohibitory order comes into immediate effect and will remain in force for an extended period. This emergency measure was prompted by a series of fire incidents reported across the district during recent celebrations, where burning residues from aerial fireworks fell onto residential buildings and flammable materials, damaging property and endangering lives.
In tandem with the district’s orders, the Thane Municipal Corporation (TMC) has issued its own stringent guidelines. Authorities have mandated that only environmentally friendly “green crackers” are permitted. The bursting of any fireworks is now strictly prohibited in public spaces, including main roads, alleys, footpaths, and public grounds, as well as in designated “silence zones” such as hospitals, courts, and educational institutions.

Furthermore, a strict nighttime curfew has been implemented; bursting crackers is completely banned between 10:00 PM and 6:00 AM. The new regulations also prohibit the use of laser lights and mandate strict authorization and safety protocols for all firecracker vendors. Similar preventive measures are being echoed by surrounding civic bodies, including the Brihanmumbai Municipal Corporation (BMC), Navi Mumbai Municipal Corporation (NMMC), and Pune Municipal Corporation (PMC). These authorities have restricted the bursting of firecrackers in public spaces and set up dedicated helplines to report noise and air pollution violations.
This sweeping crackdown comes amid escalating health concerns. Officials highlighted that high noise levels and toxic smoke pose severe health risks to young children, senior citizens, pregnant women, and individuals with cardiovascular or respiratory conditions.
Authorities have appealed to all citizens to cooperate with the regulations and prioritize public safety. Residents wishing to report any violations, illegal vendor stalls, or excessive noise can log complaints directly via the pollution control board helplines or through the respective municipal grievance portals and toll-free numbers.

Continue Reading

Maharashtra

The police will investigate the fire in Mumbai’s Dongri area as well as other incidents; action will be taken once the causes are determined.

Published

on

Following a fire that broke out last night—during the Diwali festival—at a warehouse and garage in the Dongri area of ​​Mumbai, the police are set to initiate an investigation, pending the fire department’s report and the determination of the causes. Significant damage has also been reported due to fires in several suburban areas, including Kurla, Ghatkopar, and Borivali. In the wake of the Dongri incident, local residents were immediately evacuated; given the severity of the blaze, the police will conduct a formal inquiry. In light of the recurring fire incidents during Diwali, the Mayor of Mumbai has urged the public to exercise caution when using firecrackers and has expressed concern over the spate of fires across the city. The police have now launched an investigation into these Diwali-related fire incidents, and a formal case will be registered following the submission of an initial report. This was confirmed by DCP (Operations) Akbar Pathan, who stated that investigations into these incidents are currently underway, though the specific causes have yet to be determined. Once the exact causes are established, appropriate action will be taken.

Continue Reading

Trending