Stay updated with breaking news from Delayed Possession. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Saini is yet to get possession of an apartment she booked in 2013 and has approached the regulator seeking a refund of the amount invested.
The project has been delayed for a decade now and the Bombay High Court has revoked permission issued by the Maharashtra Housing Area and Development Authority to the developer.
Maharashtra’s real estate regulator granted the extensions as it felt there is enough progress to show that these projects will be completed in due course. Six of the projects are located in the Mumbai Metropolitan Region, while one is in Pune and nearing completion.
There are several such stalled redevelopment projects in Mumbai and many people living in transit accommodations. This notice may be the start of many more projects being taken over by the MHADA
According to MahaRERA officials, while reports on a few real estate projects have already been submitted, investigators are preparing reports on some others after progress of construction and other related matters is verified