Pune's Real Estate Crisis: Over 1,200 Projects Under Regulatory Hold
MahaRERA has flagged over 1,200 real estate projects in Pune for non-compliance, freezing transactions and leaving homebuyers in limbo.
Real EstateMahareraPuneRegulatory HoldHomebuyersReal EstateJul 29, 2025
The impact on homebuyers has been significant. One Pune-based IT professional, who booked a flat over a decade ago in a project near Sinhagad, is still awaiting possession. Despite multiple MahaRERA rulings in his favor, the project remains unfinished. The buyer, one of the earliest investors, noted that the development is less than 20% complete and is currently under abeyance. With Rs 30 lakh invested, he has yet to receive either a refund or confirmation of further construction activity.
Another buyer from the same project highlighted a timeline of delays: initial possession was due in 2018, following a 2017 MahaRERA order. Extensions were later granted—first until October 2020, and again until March 2025. However, no construction work has resumed, and buyers like him, who invested Rs 16 lakh, remain stuck without a clear recourse.
The issue is not isolated to Pune. Other districts with significant numbers of stalled projects include Thane (548), Raigad (473), Mumbai suburban (441), Nashik (250), and Nagpur (247). According to MahaRERA, these projects did not comply with regulations requiring developers to update the project status and upload completion-related documents. Multiple reminders were reportedly issued before the abeyance classification was enforced.
Officials confirmed that the registration of new agreements or sales for these projects has been prohibited. In addition, bank accounts linked to the projects under abeyance have been frozen. The Maharashtra property registration department has also been informed, with instructions to prevent further transactional activity on the affected developments.
The delays have left many homebuyers in limbo. Consumer organizations have raised concerns about the prolonged inaccessibility of invested funds and the inability of buyers to execute final sale deeds. Without completion and occupancy certificates, agreements remain incomplete, and full ownership cannot be transferred. Advocates have called for MahaRERA to accelerate the process of refunds in cases where developers continue to be non-compliant.
Under standard procedures, buyers enter into a sale agreement during the early phases of construction. The final sale deed is executed only once construction is completed and payments are fulfilled. The absence of completion documentation halts this process indefinitely for projects under abeyance.
Meanwhile, the developers' body CREDAI has acknowledged that some developers have already submitted their completion certificates but still face issues due to system delays. National executive member Sunil Furde stated that efforts are underway to rectify these discrepancies.
An affected developer, speaking anonymously, said he uploaded the necessary documents over a month ago, yet the abeyance status has not been updated. According to him, this lack of synchronization negatively impacts both developers and homebuyers, delaying closures and undermining buyer confidence.
Data from MahaRERA shows that only 17,413 out of 50,986 registered projects in the state are currently listed as complete. As the real estate sector attempts to improve transparency and accountability, the backlog of unresolved project statuses and missing documentation remains a critical issue.
Frequently Asked Questions
What does it mean for a real estate project to be under abeyance?
A project under abeyance is restricted from accepting new bookings or sales due to regulatory non-compliance, such as failure to submit completion certificates or apply for project deadline extensions.
How many projects are under abeyance in Pune?
1,244 real estate projects in Pune district are currently under abeyance as of the latest MahaRERA report.
What are the consequences for homebuyers in projects under abeyance?
Homebuyers face delays in possession, inability to execute final sale deeds, and difficulty in accessing invested funds due to the lack of completion and occupancy certificates.
Which other districts in Maharashtra have a significant number of stalled projects?
Other districts with a significant number of stalled projects include Thane (548), Raigad (473), Mumbai suburban (441), Nashik (250), and Nagpur (247).
What is MahaRERA doing to address the issue of stalled projects?
MahaRERA has prohibited new agreements or sales for these projects, frozen linked bank accounts, and instructed the property registration department to prevent further transactional activity. They are also working to accelerate the process of refunds for non-compliant projects.
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