Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
MahaRERA prohibits 644 housing projects across Maharashtra from selling
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has prohibited 644 housing projects across Maharashtra from selling any more units at their projects, due to delayed completion and delivery, with Pune accounting for nearly 30% of it. Most developers of the blacklisted projects are smaller players with fewer than 100 units per project, aside from a few projects by reputed players in the region. Around 85% of the blacklisted projects had 70 units in every project on average. A blacklisting of such kind indicates that the project cannot be sold, marketed or advertised in any way. The list also includes a few projects by the state government-promoted Maharashtra Housing and Area Development Authority (MHADA).
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.