In response to the recent fake construction document scandal in Kalyan-Dombivali, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has launched a sweeping verification drive for Occupancy Certificates (OCs) of 3,699 lapsed real estate projects across the state. The most affected is the Mumbai Metropolitan Region (MMR), with 1,819 projects under scrutiny, leaving their future hanging in the balance.

MahaRERA’s Directive to Planning Authorities

MahaRERA has issued letters to all concerned Planning Authorities, instructing them to verify the authenticity of the OCs uploaded on its portal by developers whose projects had previously lapsed. Developers had responded to MahaRERA’s notices by claiming completion and uploading OCs online.

Planning Authorities now have 10 days to confirm whether these OCs were genuinely issued. If no response is received within the stipulated time, MahaRERA will treat the certificates as authentic. Any discrepancies discovered later will result in complete liability falling on the concerned authority, including financial and legal consequences.

Why OC Verification Matters

Under RERA guidelines:

• Developers can only sell homes after project registration.
• Promoters must submit quarterly progress reports and audit updates.
• Upon completion, they must upload the OC issued by Planning Authorities.
• Only after MahaRERA accepts the OC can developers withdraw remaining project funds and cease regulatory disclosures.

This process ensures transparency and buyer protection, especially in cases of lapsed or delayed projects.

Breakdown of the 3,699 Projects by Region

Below is a region-wise and district-wise classification of the projects undergoing OC verification:

OC Verification Status: Region-Wise Distribution

District-Wise Breakdown

Mumbai Metropolitan Region (1,819 Projects)

Pune Region (1,223 Projects)

Nashik Region (273 Projects)

Chhatrapati Sambhajinagar Region (132 Projects)

Amravati Region (84 Projects)

Nagpur Region (168 Projects)

What’s Next for Homebuyers and Developers?

If Planning Authorities confirm the validity of OCs, these 3,699 projects will be officially marked as completed, allowing developers to move forward with fund withdrawals and closure of regulatory requirements. However, if discrepancies arise later, affected buyers could face legal complications and delays in possession.

MahaRERA’s firm stance ensures greater accountability and aims to prevent further misuse of the system by unauthorised developers, while safeguarding the interests of genuine homebuyers.

Also Read: MahaRERA cancels registration of 15 projects in KDMC

The post Fate of 1,819 Real Estate Projects in MMR in Limbo Amid OC Verification Drive by MahaRERA appeared first on Square Feat India.

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

The post MahaRERA Issues Notice for Objections on Deregistration of Eight Real Estate Projects appeared first on Square Feat India.