The validity of MahaRERA registration of over 4,500 real estate projects in the state with more than 3,50,000 flats has lapsed, as per the official MahaRERA website. However, there is no mechanism in place to check if these projects are continued to be marketed, despite promoters being barred from selling the flats. In view of this, experts have called for a special vigilance cell.  

Advocate Godfrey Pimenta, who practises in MahaRERA, said, “As per MahaRERA, in the past 5 years, 36,000-odd real estate projects were registered and the registration of about 4,500 or 12 per cent of the projects have lapsed. It is estimated that around Rs 80,000 crore is stuck in such projects.”