The Maharashtra Real Estate Regulatory Authority (MahaRERA) has ruled that developers cannot partially deregister real estate projects on the grounds of financial non-viability. This decision comes after a developer sought to deregister the residential component of a mixed-use project in Nagpur.
MahareraReal EstateDeregistrationNagpurMihansezReal Estate MaharashtraSep 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.
No, MahaRERA has ruled that developers cannot partially deregister a real estate project on the grounds of financial non-viability. Once a project is registered, it cannot be deregistered partially.
The developer sought to deregister the residential component of a mixed-use project in Nagpur’s MIHAN-SEZ, citing financial non-viability and zero bookings in the residential wing.
MahaRERA states that once a project is registered under Section 5 of the Real Estate Regulatory Act, the grant for registration is an acknowledgment of the developer's intent to start and complete the project and deliver the premises to buyers.
The developer can make corrections for the deletion of the residential building in the project. The Director Registration, MahaRERA, is to facilitate this correction process within 60 days from the date of the correction application.
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