MahaRERA Greenlights Over 1,000 Housing Projects Ahead of Gudi Padva
MahaRERA approved 1,060 housing projects in March, including 486 new registrations, corrections in 148, and extensions in 426. The approvals correlate with increased realty sales during Gudi Padva. Geographic insights reveal Mumbai Metropolitan Region leading with 607 projects. Pune tops district approvals with 286 projects, followed by Mumbai Suburban.
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In an impressive March achievement, the Maharashtra Real Estate Regulatory Authority (MahaRERA) approved 1,060 housing projects before Gudi Padva, the Marathi New Year, a time when realty sales typically surge.
Among these approvals, 486 projects were granted new registration numbers, while 148 received corrections and 426 were given extensions. The regulatory body, known for issuing over 4,500 registrations annually, sped their efforts with 211 projects cleared just before Gudi Padva by dedicated officers working tirelessly.
Geographical insights show the Mumbai Metropolitan Region leading with 607 projects, followed by Pune at 321. Pune also leads district approvals with 286 projects, overshadowing Mumbai Suburban's 196 and Thane's 185, underscoring a robust real estate momentum in Maharashtra.
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