MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has approved over 1,060 housing projects statewide, with nearly half of the new registrations, even as developers request extensions on many ongoing projects.
Out of the total approvals, 486 projects received registration numbers, while 426 projects were granted timeline extensions based on revised completion plans submitted by developers. Additionally, 148 projects were approved for corrections on previously accepted proposals, indicating a continuous adjustment within the project pipeline.
The surge in approvals reflected increased activity in the 18 days leading up to Gudi Padwa, which is traditionally viewed as a favorable time for property transactions and project launches.
To manage the influx of applications, MahaRERA handled 211 proposals in just one day, issuing registration numbers to 124 projects, granting 53 extensions, and approving corrections in 34 instances.
Geographically, the Mumbai Metropolitan Region (MMR) accounted for the majority of approvals with 607 projects, followed by the Pune region with 321 projects. Khandesh had 63 projects approved, while Vidarbha and Marathwada contributed 50 and 14 projects, respectively. An additional five projects were approved in Dadra and Nagar Haveli.
At the district level, Pune led with 286 projects, emphasizing its status as a key residential market. Mumbai Suburban followed with 196 projects, while Thane and Raigad recorded 185 and 110 projects, respectively, all surpassing the three-digit milestone in approvals.
Within MMR, approvals were distributed as follows: 196 projects in Mumbai Suburban, 185 in Thane, 110 in Raigad, 52 in Palghar, and 42 in Mumbai City, with additional smaller counts from Ratnagiri and Sindhudurg. In the Pune region, most approvals were in Pune district with 286, complemented by a few in Satara, Kolhapur, Sangli, and Solapur.
MahaRERA confirmed that all approvals followed meticulous scrutiny to ensure adherence to legal, technical, and financial requirements. This latest wave of approvals indicates a healthy pipeline of new supply entering the market, alongside a significant number of projects needing more time for completion, reflecting a mixed trend of expansion and execution challenges in Maharashtra’s housing sector.
On Tuesday, the state government announced that the annual ready reckoner (ASR) rates would remain unchanged for the financial year 2026-27, signaling a cautious stance amid global uncertainties, as the authorities aim to maintain stability in property valuations to foster transaction momentum and affordability across markets.
The Inspector General of Registration and Controller of Stamps in Maharashtra issues these rates annually to determine the stamp duty applicable on property transactions. For the 2026-27 period, the state has maintained rates across rural, urban, and influence zones without any hike.
