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.
Crime
Navi Mumbai Crime: 38-Year-Old Jewellery Store Driver Arrested For Staging Fake Robbery, Stealing Gold Worth ₹5.9 Lakh In Panvel

Navi Mumbai: The Crime Branch Unit-3 has arrested a jewellery store driver for allegedly staging a robbery and siphoning off gold ornaments and cash worth Rs 5.90 lakh in Panvel.
The accused, identified as Shailesh Dilip Kamble (38), an employee of B.B. Banthia Jewellers, had falsely claimed he was robbed by two unidentified men near Khanda Colony railway bridge on September 11.
Police said Kamble was assigned to collect jewellery and cash from the company’s offices in Khanda Colony and Kalamboli. Instead of delivering it, he allegedly hid the valuables inside the dickey of his electric TVS iQube scooter.
Later, he fabricated a story that two men on a Pulsar motorcycle, wearing helmets, had accosted him at knifepoint and snatched the ornaments and money. Based on his complaint, a case of armed robbery was registered at Khandeshwar Police Station.
A parallel investigation was carried out by Crime Branch Unit-3 under the supervision of ACP (Crime) Ajaykumar Landge and Senior PI Avinash Kaldat. During the probe led by API Pawan Nandre, PSI Abhaysingh Shinde, and their team, several discrepancies were found in Kamble’s statement.
No suspicious movement or persons were seen at the alleged crime spot, further raising doubts. On sustained interrogation, Kamble confessed to staging the robbery and handed over the jewellery hidden in his scooter.
“The accused tried to mislead police by staging a dramatic robbery, but his version was full of inconsistencies. He finally admitted to the crime and the entire amount has been recovered,” said ACP (Crime) Ajaykumar Landge. Police said Kamble has been arrested and further investigation is underway.
Maharashtra
Provision of meager funds to Maharashtra State Sahitya Urdu Academy, a serious allegation of misbehavior by the state government, Ministry of Minority Affairs has not kept its promise: Raees Sheikh

rais shaikh
Mumbai: The Mumbai State Urdu Sahitya Academy is celebrating its Golden Jubilee this year and the Mahayuti government has not kept its promise by providing only Rs 1.2 crore in the Golden Jubilee year. Samajwadi Party MLA from Bhiwandi East Raees Sheikh has alleged that the state government is deliberately discriminating against minority institutions. MLA Sheikh has also demanded Rs 50 crore from Minority Affairs Minister Manekrao Kokate.
Giving details in this regard, MLA Raees Sheikh said that under the government decision on Thursday, a minor fund of Rs 1 crore 20 lakh has been distributed to the Urdu Sahitya Academy for organizing the Golden Jubilee program and a minor fund of Rs 11 lakh 76 thousand for the establishment of the academy.
I had a meeting with the then Minority Affairs Minister Dattatreya Bhar on July 8, in which a permanent fund of Rs 50 crore will be kept for the academy for a period of 50 years. It was also assured that the academy would be given a grant of Rs 5 crore every year. A letter was sent to the current Minority Affairs Minister Manikrao Kokate in August, demanding a fund of Rs 50 crore for organizing various programs for the golden jubilee year of the academy.
The state government has violated all the provisions of the meeting by providing meager funds in the government decision published yesterday. The number of Urdu speakers in Maharashtra is 75 lakh and 25 Urdu dailies are published. Urdu is an Indian language. While the Urdu Sahitya Academy is celebrating its golden jubilee this year, it has once again highlighted that the Mahayoti government is treating the minority community with contempt by providing meager funds. MLA Rais Sheikh said that in this regard, we will seek cooperation from Deputy Chief Minister Ajit Pawar.
Crime
Thane Railway Police Rescue Two-Year-Old Kidnapped From KEM Hospital In Swift Nighttime Operation

Mumbai: In a swift operation carried out by the Thane railway police, a two-year-old boy, kidnapped from nearby KEM Hospital, was rescued in several hours from the clutches of the abductor, while he was fleeing on the Tutari Express. The accused, Amol Udalekar, 42, had befriended the child’s family during their stay outside the hospital and later took the boy along on the pretext of a stroll, said the police.
According to the FIR, the child’s mother Antima was admitted to the ICU of KEM Hospital due to respiratory issues. Her husband, Ajaykumar Harijan, 25, who hails from Shastrinagar, Surat, and currently resides in Bhiwandi, was staying with his mother and two children, in an open area near the hospital’s old building.
On the night of September 16 around 9.30pm, Harijan discovered that his two-yearold son was missing when he returned after visiting his wife. His mother informed him that a man, who had been frequently playing with the child over the past few days, had offered them a food parcel and taken the child away on the pretext of a stroll. Despite searching the hospital and surrounding areas, the child could not be located, prompting Harijan to file a complaint at the Bhoiwada police station.
According to the police, Udalekar was nabbed following a tip-off – received by the railway control room at CSMT – reporting a suspicious man traveling with a child in S-2 coach of the Tutari Express, which runs between Dadar and Sawantwadi. Acting promptly under the guidance of senior inspector Archana Dusane, a team, comprising officers Dhumale, Tajne, head constable Gopal, and constable Tichkule, apprehended the suspect late night at the Thane station.
During interrogation, it was confirmed that the child had been kidnapped from the premises of KEM Hospital earlier that evening. A case had already been registered against Udalekar under section 137(2) [related to kidnapping] of Bharatiya Nyaya Sanhita and he has been handed over to the Bhoiwada police for further probe. Following the rescue, the child underwent a medical examination and was then placed under the care of the Janani Ashish Charitable Trust in Dombivli.
Investigation revealed that Udalekar had planned to flee to his native village in Sindhudurg. Police are currently probing his background and motive behind the abduction.
-
Crime3 years ago
Class 10 student jumps to death in Jaipur
-
Maharashtra12 months ago
Mumbai Local Train Update: Central Railway’s New Timetable Comes Into Effect; Check Full List Of Revised Timings & Stations
-
Maharashtra11 months ago
Mumbai To Go Toll-Free Tonight! Maharashtra Govt Announces Complete Toll Waiver For Light Motor Vehicles At All 5 Entry Points Of City
-
Maharashtra12 months ago
False photo of Imtiaz Jaleel’s rally, exposing the fooling conspiracy
-
National News11 months ago
Ministry of Railways rolls out Special Drive 4.0 with focus on digitisation, cleanliness, inclusiveness and grievance redressal
-
Crime11 months ago
Baba Siddique Murder: Mumbai Police Unable To Get Lawrence Bishnoi Custody Due To Home Ministry Order, Says Report
-
Maharashtra10 months ago
Maharashtra Elections 2024: Mumbai Metro & BEST Services Extended Till Midnight On Voting Day
-
National News12 months ago
J&K: 4 Jawans Killed, 28 Injured After Bus Carrying BSF Personnel For Poll Duty Falls Into Gorge In Budgam; Terrifying Visuals Surface