The Maharashtra Real Estate Regulatory Authority (MahaRERA) has suspended registrations of 4,812 housing projects across the state since July 2025, freezing their bank accounts after developers failed to update mandatory progress reports or seek extensions despite repeated reminders. This enforcement comes as part of a larger drive launched in December when MahaRERA identified 10,773 lapsed projects without fresh timelines.
Urban Hotspots Most Affected
The suspended projects are concentrated in major real estate markets. Pune leads with 1,219 projects, followed by Thane (535), Raigad (465), Mumbai suburban (438), and Palghar (377). These projects are now barred from any property transactions, while developers are also liable for penalties of up to ₹50,000 for non-compliance.
Impact on Property Transactions
Officials clarified that suspension does not mean complete deregistration, as many of these projects already have existing bookings. However, until developers comply, they cannot initiate new sales, bookings, or agreements. MahaRERA has directed the property registration department to block any fresh transactions linked to suspended projects, thereby protecting homebuyers from potential risks.
Transparency for Homebuyers
MahaRERA has published the complete list of suspended projects on its website, labeling them as being “in abeyance.” The regulator has also frozen bank accounts linked to these projects, preventing developers from diverting buyer funds. Homebuyers can access this updated abeyance list online to make informed decisions before investing.
Regulator’s Stand on Accountability
A senior MahaRERA official emphasized that the move is aimed at ensuring transparency and financial discipline among builders. “The primary objective is protection of homebuyers’ interests. Developers cannot leave buyers stranded because of stalled or unaccounted projects,” the official said.
Developers’ Response
Developer associations acknowledged the regulator’s action and urged members to comply. “We have repeatedly advised developers to file quarterly reports on time and avoid lapses,” said a representative. Following the crackdown, the number of lapsed projects has dropped from over 10,000 to 4,812, indicating some compliance by developers.
Need for Stronger Buyer Safeguards
Homebuyers welcomed the move but called for additional transparency tools. “If a buyer scans a project’s RERA QR code, it should clearly flash whether the project is in abeyance. Otherwise, unsuspecting buyers could still pay booking amounts,” said S. Balakrishnan, a prospective homebuyer.
Conclusion
The suspension of 4,812 housing projects marks a decisive step by MahaRERA to enforce compliance and protect homebuyers in Maharashtra’s real estate sector. The move reinforces accountability, prevents misuse of funds, and ensures that only compliant developers can continue marketing and selling properties.
