MahaRERA Approves Over 1,000 Housing Projects in 18 Days Ahead of Gudi Padwa
Pune: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has cleared over 1,000 housing project proposals across the state in the first 18 days of March, just ahead of the festive season of Gudi Padwa. Between March 1 and 18, a total of 1,060 projects were approved. This includes 486 new registrations, 426 extensions for ongoing projects, and 148 corrections. This surge brings the total number of MahaRERA-registered projects in Maharashtra to 53,894.
Typically, the regulator processes around 10,000 certificates (including corrections and extensions) annually, with new registrations averaging between 700 and 800 approvals per month. Officials attributed the sharp spike in the first half of March to the festive season rush, reflecting significant buoyancy in the real estate market. To ensure developers could launch their projects during the auspicious period of Gudi Padwa, the regulator worked round-the-clock. On the eve of the festival alone, MahaRERA cleared 211 proposals, including 124 new project registration numbers, 53 extensions, and 34 corrections.
Gudi Padwa is traditionally a preferred time for developers to announce new ventures and for homebuyers to close property deals. Officials noted that the department worked through holidays to maintain momentum and clear the backlog for the sector. A regional breakdown of the 1,060 approvals shows the Mumbai Metropolitan Region (MMR) leading with 607 projects, followed by the Pune region with 321. Other approvals included 63 from Khandesh, 50 from Vidarbha, 14 from Marathwada, and five from Dadra and Nagar Haveli.
At a district level, Pune recorded the highest number of approvals in the state with 286 projects, followed by Mumbai Suburban (196), Thane (185), and Raigad (110). MahaRERA officials emphasised that despite the speed, approvals were granted only after a thorough scrutiny of legal, financial, and technical documentation to ensure full compliance with regulatory norms. National CREDAI council member Shantilal Kataria said the steady nature of the real estate sector has driven the increase in proposals. 'The state govt's decision to keep ready reckoner (RR) rates constant will further boost the sector. This stability encourages more developers to register their projects and gives homebuyers the confidence to invest,' he said.
