The Maharashtra Real Estate Regulatory Authority (MahaRERA) is working on ways to revive more than 2,800 stalled and dilapidated housing projects worth Rs 78,684 crore.
With a dedicated team to identify the factors that cause the projects to stall or fail, MahaRERA is ready to find solutions for their resurgence.
MahaRERA has set up a special vertical headed by retired IAS officer Sanjay Deshmukh to investigate the stalled and dilapidated projects.
MahaRERA planned to monitor the construction phase in each of the derelict projects, resend notifications to the developers and cooperate with self-regulatory authorities such as the Confederation of Real Estate Developers' Associations of India (Credai) or Maharashtra Chamber of Housing Industry (MCHI ) to revive these projects.
7153
10219
405
1499
501
1001
247
399
299
499
328
799
900
1999
248
799
324
899
235
240
248
299
299
499
328
799