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The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a public notice calling for objections regarding the deregistration of eight real estate projects across various districts in Maharashtra. The notice, issued by Ramesh Pawar, Director (Compliances) at MahaRERA, invites any person or legal entity to submit objections within 30 days from the notice date.

Projects Seeking Deregistration

The projects listed for deregistration are spread across Pune, Thane, Ratnagiri, Aurangabad, Kolhapur, Osmanabad, and Ulhasnagar. The notice includes the names of the promoters, project titles, registration numbers, and project locations. The following are the details of the projects:

  1. Avishkar Heights – A Wing – Phase (Promoter: Avishkar Developers) – Located at Jalgaon, Dapoli, Ratnagiri. (MahaRERA No: P52800002837)
  2. Kanvas (Promoter: Anshul Bhosale Realty) – Located in Wagholi, Haveli, Pune. (MahaRERA No: P52100023770)
  3. B Building (Promoter: Vinod Keshav Joshi) – Located in Malgund, Ratnagiri. (MahaRERA No: P52800014338)
  4. Keshav Baug VSK City (Promoter: VSK Builders and Developers) – Located in Pathan, Aurangabad. (MahaRERA No: P51500021150)
  5. Urban Life Phase II Building C (Promoter: Atharv Estates India Pvt. Ltd.) – Located in Kabnur, Hatkanangle, Kolhapur. (MahaRERA No: P53000002179)
  6. Vijay Get (Promoter: North West Infra) – Located in Umarga, Osmanabad. (MahaRERA No: P52500024536)
  7. Sai World Retreat (Promoter: Paradise Leisure Homes) – Located in Ulhasnagar, Thane. (MahaRERA No: P51700001566)
  8. Infinite Residency (Promoter: Mistry Construction Co. Pvt. Ltd.) – Located in Thane. (MahaRERA No: P51700017401)

Impact on Homebuyers

Deregistration of a real estate project means that the developer is formally withdrawing the project from MahaRERA’s purview, which could indicate financial or legal hurdles. For homebuyers, this can be a matter of concern, as deregistration may affect the status of their investments, possession timelines, and legal rights.

The notice urges affected buyers and other stakeholders to raise objections, if any, before the deadline. Buyers who have invested in these projects should immediately verify their status and submit concerns to MahaRERA via the official email address provided in the notice: dreicot-cromp@maharera.mahaonline.gov.in.

Way Forward for Homebuyers

  • Verify the project’s current status by checking MahaRERA’s website for updates.
  • Reach out to the developers to understand the reason behind the deregistration request.
  • Consult legal experts if you have financial stakes in any of these projects.
  • Submit objections within the 30-day period if there are concerns regarding deregistration.

With deregistration requests surfacing, this is a crucial moment for homebuyers to ensure their interests are protected. MahaRERA’s intervention will be key in determining the fate of these projects and the developers’ obligations towards their buyers.

Also Read: MahaRERA suspends registration of 388 developers for not providing quarterly updates

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