The Maharashtra Real Estate Regulatory Authority (MahaRERA) has achieved a milestone in 2023 by completing 3,927 housing projects across the state, showing a remarkable recovery from the pandemic-induced slowdown in 2022.
Several measures have been taken by MahaRERA to ensure timely completion and transparency of projects, such as micro monitoring, quarterly progress reports, and strict scrutiny of applications.
The Konkan region, which includes Mumbai and suburbs, topped the list with 1,552 projects, followed by Pune with 1,372, Nashik with 500, Nagpur with 318, Sambhajinagar with 123, Amravati with 56, and Daman with 6. MahaRERA chairman Ajoy Mehta has attributed the success to the authority’s efforts to protect home buyers’ interests and monitor project progress effectively.
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