DE-REGISTRATION

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The specific process and requirements for de-registration can depend on the circumstances and the decision of the authority. It typically involves submitting an application or notification to MahaRERA, followed by a review and decision by the authority.

De-registration refers to the process of removing a real estate project from the authority’s registration. This may occur for various reasons, and the process can vary based on the circumstances. Here are some common situations where de-registration might occur.

Completion of the Project: When a real estate project is completed and all obligations under MahaRERA are met, the developer may apply for de-registration as there is no longer a need for ongoing monitoring of the project.

Project Abandonment: In cases where a developer abandons a project or fails to fulfill their obligations, MahaRERA may initiate de-registration proceedings to protect the interests of home-buyers.

Non-Compliance: If a developer consistently fails to comply with MahaRERA regulations, such as not providing updates, not addressing buyer grievances, or not rectifying deficiencies, the authority may take action, which can include de-registration.

4.Invalid Registration: If a project was incorrectly or fraudulently registered with MahaRERA, it may be subject to de-registration.