Pune District Hit by 1,244 Real Estate Projects Under Abeyance
Pune District Hit by 1,244 Real Estate Projects Under Abeyance
Pune: The Pune district has been hit by 1,244 real estate projects that cannot entertain fresh bookings or sales since MahaRERA has marked them ‘under abeyance.' This means that these projects have not received completion certificates or applied for deadline extensions.
The hard-earned money of many individuals remains stuck as a result. Eleven years on, a Pune IT professional is yet to get possession of his flat in a project on the foothills of Sinhagad. Despite a number of MahaRERA orders in his favor, neither has the project been completed nor has he received a refund. The project is marked under abeyance on the MahaRERA website now, stopping new bookings and sales.
The buyer was among the first to invest in the project, which is not even 20% complete. “My money amounting to Rs 30 lakh is stuck. The builder is not showing any intent to complete the work. I've stopped following up now, since nothing is moving,” he said.
Another buyer in the same three-building project said that over the years, the association has filed many complaints with MahaRERA. “The initial order of 2017 directed completion by 2018. The project again received an extension till October 2020 and March 2025 thereafter. The work has not even started till now,” he said, adding his Rs 16 lakh are stuck. And, such cases are not isolated, they said.
MahaRERA has listed 4,904 real estate projects under abeyance across Maharashtra. Pune district has as many as 1,244 such projects, followed by Thane (548), Raigad (473), Mumbai suburban (441), Nashik (250), and Nagpur (247).
MahaRERA officials said projects under abeyance failed to submit completion or extension details despite continuous reminders. “We've issued notices to the developers and given them sufficient time. The projects which failed to comply are barred from registering any new sale or agreement. The project bank accounts have been frozen,” they said. The state property registration department was also sent the list of stalled projects to prevent further transactions.
Consumer bodies have demanded strict action now. “Buyers cannot execute the sale deed unless completion and occupancy certificates are uploaded. Their partial payment remains stuck indefinitely,” said a consumer rights activist, who urged MahaRERA to process refunds in cases of persistent non-compliance.
It's common for builders and buyers to enter an agreement for sale, followed by a sale deed after construction is complete and payments made. The agreement for sale outlines terms and conditions and promises certain facilities, while the sale deed transfers ownership legally.
Meanwhile, developers' body CREDAI acknowledged the issue but said delays were also because of lag in website updation. “Many developers have already uploaded their completion certificate (CC), but the abeyance tag remains. We've taken this up,” said Sunil Furde, CREDAI's national executive.
Requesting anonymity, a developer said, “I uploaded the CC over a month ago, but it's still not reflecting. Such a delay hurts both developers and buyers.”
RERA Act says developers are mandated to upload both commencement and completion/occupancy certificates to ensure transparency and buyer protection. MahaRERA data showed that only 17,413 of the 50,986 registered projects in the state were marked complete.
