Real Estate India

MahaRERA Norms Boost Under-Construction Sales in Mumbai, Thane

By GeoSquare News Desk · Published 2026-11-14

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has introduced stricter guidelines for project registration and escrow account management, directly addressing long-standing concerns about project delays and fund misuse. These measures are already showing positive results, with a reported 15% increase in sales of under-construction properties in Mumbai and Thane.

What Changed?

Developers are now required to maintain more transparent escrow accounts, ensuring that a larger share of buyer funds is utilised strictly for construction. Additionally, the registration process has been tightened, making it harder for projects to launch without clear approvals and financial backing. This reduces the risk of stalled projects and enhances accountability.

Impact on Buyer Confidence

Homebuyers, particularly in the affordable and mid-segment categories, have historically been wary of investing in under-construction projects due to possession delays. The new norms have instilled greater trust, as buyers now perceive a lower risk of project abandonment. This is reflected in the sales uptick, especially in micro-markets like Thane and peripheral Mumbai, where demand for ready-to-move-in homes was previously stronger.

Market Outlook

Real estate analysts believe that this trend will continue, as the regulatory clarity encourages more serious buyers to enter the market. While prices remain stable, the improved transparency is likely to attract first-time investors who were earlier hesitant. The state's focus on timely delivery is expected to further strengthen the overall health of Maharashtra's property sector.