Maharashtra Developers Seek Deregistration of 19 Real Estate Projects

Prominent developers cite financial challenges, legal disputes, and regulatory changes as reasons for deregistration requests across major cities in the state.

• Developers including Lodha Group, K Raheja Corp, Puranik, and Lokhandwala Infrastructure have applied to deregister 19 projects in Maharashtra.
• The projects span cities such as Mumbai, Thane, Pune, Nashik, Nagpur, Kolhapur, and Daman, with a significant concentration in Pune.
• The Maharashtra Real Estate Regulatory Authority (MahaRERA) has opened a 30-day window for public objections to these deregistration applications.
• Developers are allowed to seek deregistration due to factors such as lack of funds, economic non-viability, ongoing litigation, family disputes, or restrictive government norms.
• Since MahaRERA's inception in 2017, over 47,000 projects have been registered in Maharashtra, with 138 projects deregistered to date.

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