Maharashtra’s real estate sector continues to witness significant growth and development as the Maharashtra Real Estate Regulatory Authority (Maharera) grants registration numbers to over 4,300 new projects across the state. This achievement underscores the government’s commitment to streamlining the real estate sector and ensuring transparency and accountability in project development.
Maharera’s Role in Project Registration:
Maharera plays a crucial role in overseeing the registration of new real estate projects in Maharashtra. During the financial year from April 2023 to March 2024, Maharera received a total of 5,471 proposals for new registration numbers. Out of these, an impressive 4,332 projects have been granted registration numbers, marking a significant milestone in the state’s real estate landscape.
Regional Distribution of Projects:
The distribution of registered projects across different regions of Maharashtra reflects the widespread growth and development in the state’s real estate sector. Pune leads the pack with 1,172 registered projects, followed by Thane with 597 projects, Mumbai suburbs with 528 projects, Raigad with 450 projects, Nagpur with 336 projects, and Nashik with 310 projects, among others.
Scrutiny Process and Compliance Measures:
Maharera ensures stringent scrutiny of each project at multiple levels, including legal, financial, and technical aspects, to guarantee compliance with regulations and timelines. To further enhance transparency and accountability, developers are required to submit the ‘Construction Commencement Certificate’ (CC) from their designated email address to Maharera before receiving the registration number. This measure aims to address irregularities and ensure timely completion of projects, minimizing potential complaints from homebuyers.
District-wise Details of Registered Projects:
| Region | Total Registered Projects |
|---|---|
| Mumbai Maharashtra | 1976 |
| Pune | 1172 |
| Thane | 597 |
| Mumbai Suburb | 528 |
| Raigad | 450 |
| Palghar | 223 |
| Ratnagiri | 66 |
| Sindhudurg | 35 |
| Western Maharashtra | 1415 |
| Kolhapur | 85 |
| Satara | 66 |
| Sangli | 53 |
| Solapur | 39 |
| Vidarbha | 437 |
| Nagpur | 336 |
| Amravati | 45 |
| Wardha | 24 |
| Chandrapur | 12 |
| Akola | 11 |
| Washim | 4 |
| Bhandara | 3 |
| Buldana, Gadchiroli | 1 each |
| North Maharashtra | 347 |
| Nashik | 310 |
| Ahmednagar | 28 |
| Jalgaon | 8 |
| Dust | 1 |
| Marathwada | 149 |
| Ch. Sambhajinagar | 117 |
| Latur | 16 |
| Nanded | 8 |
| Seed | 4 |
| Parbhani | 2 |
| Jalna, Osmanabad | 1 each |
| Dadra Nagar Haveli | 8 |
Conclusion: Maharera’s approval of registration numbers for over 4,300 new projects underscores the buoyancy and resilience of Maharashtra’s real estate sector. The government’s proactive measures, coupled with Maharera’s stringent scrutiny and compliance mechanisms, contribute to fostering a transparent, accountable, and vibrant real estate market in the state.
