REAL ESTATE UPDATE
11th October, 2024
Issue No. 19/24-25
MAHARERA RELEASES A LIST OF REGISTERED PROJECTS WHICH ARE CURRENTLY FACING INSOLVENCY
With an intent to caution prospective homebuyers, the Real Estate Regulatory Authority of Maharashtra (MahaRERA) has released a list of 314 registered real estate projects which are undergoing corporate insolvency resolution process at the National Company Law Tribunal (NCLT). Of the 314 projects, 236 are from Mumbai Region, 52 from Pune and rest from districts namely Ahmednagar, Solapur, etc. However, the MahaRERA is unsure if the 314 projects undergoing insolvency and bankruptcy proceedings are still accepting new customers, and therefore to ensure transparency and prevent homebuyers from being deceived, the authority has compiled the list and published it on its portal.
The published list of real estate projects which are undergoing corporate insolvency resolution process can be found here: https://maharera.maharashtra.gov.in/nclt-projects
| Disclaimer: This newsletter is for general information only and not intended for any solicitation. Views expressed in this newsletter are as on date and not necessarily of V Law Partners (“VLaw”). While reasonable efforts have been taken to provide correct information, VLaw cannot and does not warrant or guarantee the accuracy of the information provided in the newsletter. Readers are advised not to rely solely on this information when making any decision.
Suggestions: If you do not wish to receive our newsletters or have any comments or suggestions for us, please write to us at – admin@vlawpartners.com |