Connect with us
Thursday,27-August-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.

International News

Govt in touch with Centre to assist tourists stranded in Nepal floods: Maha Minister

Published

on

Mumbai, Aug 27: Following severe flooding, landslides and earthquakes in the Nepal-Tibet region, the Maharashtra government is actively gathering information regarding tourists from the state currently stranded in the affected areas.

Disaster Management Minister Girish Mahajan on Thursday confirmed that state authorities are in constant communication with the Union Government and that relief mechanisms are operating round the clock.

Mahajan said officials had successfully contacted four tourists so far, confirming they were safe. The administration had collected details for roughly 80 individuals. However, communication remained severely impaired because damaged mobile networks and landline outages cut off the affected regions.

A group of tourists travelled to Mansarovar via two vehicles organised by Richard Tours & Travels. Approximately 37 passengers in one vehicle have been confirmed safe. Operations are ongoing to track down the remaining travellers despite severe transportation disruptions caused by landslides, he said.

Mahajan urged families not to panic, emphasising that both central and state agencies were leaving no stone unturned to locate and assist every traveller from Maharashtra. He further stated that all District Collectors across Maharashtra had been instructed to compile lists of residents who recently travelled to the Nepal-Tibet region.

The state government has appealed to relatives and the general public to share any available details regarding stranded individuals.

To streamline information collection and facilitate immediate relief, the Maharashtra State Disaster Management Authority (Control Room, Mantralaya) has launched a dedicated online portal and 24/7 helpline numbers. Relatives can register details of stranded family members at https://geospatial.mahaseoc.in/Sahayata_gulf/.

The government has released the following numbers: State Control Room Toll-Free Number 1070 and Direct Control Room Line +91-9321587143. The official email is controlroom@maharashtra.gov.in. Family members of tourists currently in Nepal are strongly encouraged to submit complete details through the official link or contact the control room immediately, said Mahajan.

Continue Reading

Maharashtra

Mumbai Police conducts major operation against call center, 9 arrested, further investigation begins

Published

on

Mumbai: Police has unearthed a call centre where people were being duped in the name of courier companies and other companies and franchises. The police received information that a call centre was being run at Room No. 90, Karar, “Internet Transfer Visa Private Limited”, Axis Bank Mobile Colony Road, Malad (Mumbai) in which people were being duped. The police conducted a raid from August 25 to August 26. The people present in the said call centre used to contact the citizens of Mumbai and Maharashtra using the names of various courier and commerce companies and collected money from them by tricking them into giving courier/franchises with well-known courier and commerce companies like Amazon, Flipkart, Mantra, Blue Dart, DTDC, Veena Market etc. During the said operation, a case was registered under relevant sections of the Indian Penal Code as well as the Information Technology Act under Case No. 98/26 of Karar Police Station, Mumbai. A case has been registered under relevant sections. 09 people, including the director of the company involved in the said crime, have been arrested and permission has been obtained to keep them in police custody till August 28. During the said operation, 10 high-end desktop computers, 22 laptops, 30 mobile phones, 5 TVs, more than 100 fraudulent agreements worth a total of 24,00,000/- were seized. During further investigation of the said crime, it has been revealed that more than 20 people have been cheated, while more complaints are being received. Citizens who have been cheated by the said company can contact the police and file a complaint. The said operation has been conducted by Police Commissioner, Devan Bharti, Police Joint Commissioner (Crime), Anil Kanbhare, Additional Police Commissioner (Crime), Krishan Kant Upadhyay, DCP Vinonath Dhole.

Continue Reading

Maharashtra

Violence on return from Eid Milad-un-Nabi procession in Mumbai Lalbagh Parel

Published

on

Mumbai: Police have registered a case of rioting and taken five people into custody after communal violence broke out at midnight while returning from the Eid Milad-un-Nabi (PBUH) procession in Lalbagh, Parel, Mumbai, sources in the Mumbai Police confirmed. A case has been registered against the accused under sections 189(1), 189(2), 191(1), 195(1), 118(1), 121 of the IPC, and the Maharashtra Police Act.
Tensions flared in the Lalbagh Parel area when communal violence broke out between two communities. Muslim youths were passing through Lalbagh Parel on their motorcycles during the Eid Milad-un-Nabi (PBUH) procession when youths from other communities gathered and objected to the noise of the motorcycles and rush driving. During this, the police also started taking strict action against several youths. At the same time, youths from other communities insulted the religious flag on the motorcycle of Muslim youths and slogans started being raised from both sides. Youths from the majority community had already set up a guard in the area and when these youths tried to attack the Muslim youths in front of the police, the situation worsened and the matter took the form of violence. The police used light baton charge to control the situation. At present, tension remains here but peace is prevailing.
Various rumors are also circulating on social media regarding the Lalbagh Parel dispute, along with which hateful elements are trying to further worsen the situation by giving it a religious color, which is why now the Mumbai Police has started monitoring social media. Along with this, hundreds of such hateful videos have been viral on social media platforms including Instagram and Facebook, in which hateful elements have targeted a specific community. In this matter, the Bhoiwara police has registered a case of rioting and has taken about 5 accused into custody. Along with this, the police is also talking to the other party and there is a possibility of registering a cross-FIR in this regard. The way the situation is being tried to worsen in Mumbai city, after which the police has issued an alert here. After the attack on Muslim youth on their way back from the Eid Milad-un-Nabi procession, the police have registered a case of violence and rioting and are also examining CCTV footage. Along with this, the police have requested to maintain law and order. Not only that, an alert has been issued, social media is also being monitored. This riot took place due to the mischief of miscreants. Now provocation has also become common on social media, on which the police can take action.

Continue Reading

Trending