The Maharashtra Real Estate Regulatory Authority (MahaRERA) has rejected a developer's request to partially deregister a residential building in Nagpur's MIHAN-SEZ, citing financial non-viability and zero bookings.
Real EstateMahareraDeregistrationNagpurMihansezReal EstateSep 25, 2025

MahaRERA stands for the Maharashtra Real Estate Regulatory Authority. It is a regulatory body established under the Real Estate (Regulation and Development) Act, 2016, to protect the interests of homebuyers and promote a transparent and accountable real estate market in Maharashtra.
The developer, Moraj Infratech Private Limited, sought deregistration of the residential building in their mixed-use project in Nagpur's MIHAN-SEZ, citing financial non-viability and zero bookings for the residential units.
MahaRERA rejected the developer's request for partial deregistration, stating that once a project is registered, it cannot be deregistered partially. However, the authority allowed the developer to make corrections for the deletion of the residential building.
This decision ensures that the integrity of the project is maintained and protects the interests of homebuyers. It prevents developers from abandoning parts of a project without fulfilling their obligations to the buyers.
The correction process involves the developer making the necessary changes to the project registration to delete the residential building. The Director Registration, MahaRERA, is to facilitate this process within 60 days from the date of the correction application.

Discover the epitome of luxury living with Ceratec Group's latest project, Presidential Towers, offering 2 and 3 BHK homes in the heart of Ravet, Pune.

Rexas Finance (RXS) is making waves in the financial sector with its innovative approach to asset management. From real estate to art and goods, RXS offers a user-friendly interface for seamless asset trading and management. This article explores the pote

With a series of tax and price hikes, the Karnataka government is placing a significant financial burden on ordinary citizens. From fuel and liquor to milk and water, the costs are rising, while the government contemplates more increases in property tax,

In a significant push towards infrastructure development, the port sector has emerged as a key focus area in my third term. The work on the Vadhavan port has already begun, marking a crucial milestone in this initiative.

Women investors are increasingly making their mark in both residential and commercial real estate in India, shattering traditional gender barriers and driving market growth.

The National Housing Bank (NHB) reports that housing loans outstanding have reached ₹33.53 trillion in the second quarter of FY25, signaling a promising outlook for the housing sector.