Since February 2023 when the Maharashtra Real Estate Regulatory Authority (MahaRERA) permitted de-registration of housing projects, it has received applications to delist 279 realty projects so far.
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These applications were received during financial year 2023-24, the same year when MahaRERA received registration requests for 5,471 projects, and gave a go-ahead to 4,332 of these across Maharashtra.
The de-listed projects were issued registration numbers a few years ago when the respective projects were launched. The de-registered projects constitute 6.44% of the total projects.
Some of the prominent names includes Macrotech Developers of the Lodha Group, which had moved applications to de-register 11 of their projects. Mahindra Lifespace, the real estate vertical of Mahindra Group, too got 11 projects scrapped. DB Realty’s arm Marine Drive Hospitality and Realty too exited a project proposed in South Mumbai.