MahaRERA registers 435 new housing projects with 32,981 homes ahead of Dussehra and Diwali

Dussehra and Diwali hold special significance for home buyers, and launching and announcing new housing projects on these auspicious occasions is a long tradition. In keeping with it, MahaRERA has issued official registration numbers to 435 new housing projects in the state.

These projects are expected to bring a record investment of about Rs 23,719 crore and will together create 32,981 homes.

It is not only new projects that have been cleared. MahaRERA has also given major relief to older projects that are stalled or nearing the end of their registration period. At the request of developers, the deadlines of 210 older projects have been extended. Proposals for layout revisions in about 609 projects have also been approved. According to MahaRERA, these decisions are being taken after close scrutiny of legal, technical and financial criteria, so that the interests of home buyers are protected and projects are completed on time.

In the six months from April to September of the current financial year, MahaRERA approved proposals for a total of 6,486 projects. These include 2,056 new housing projects. Proposals to extend the deadlines of 2,053 older projects and to revise 2,377 older projects were also approved at developers' request.

Adding the approvals for October, the total has reached 7,740. This includes 2,491 newly registered projects, 2,053 projects given extensions and 2,377 projects with approved revisions. MahaRERA's entire system is working round the clock to approve these proposals quickly and transparently.

Here is how the projects are spread across regions. In the Mumbai Metropolitan Region (MMR), 201 projects in all have been cleared: 63 in Mumbai city and suburbs combined, 70 in Thane, 36 in Raigad, 25 in Palghar, 5 in Ratnagiri and 2 in Sindhudurg district.

Pune district has 140 approved projects. Satara has 13, Kolhapur 8, Sangli 3 and Solapur 3.

Of the 32 projects in Vidarbha, 27 are in Nagpur, 4 in Amravati and 1 in Akola. In Khandesh, 24 projects have been cleared, 23 of them in Nashik and 1 in Ahilyanagar. In Marathwada, 8 projects have been approved, 7 in Chhatrapati Sambhajinagar and 1 in Nanded. Two projects in Dadra and Nagar Haveli and one in Daman have also been cleared.