Housing societies across Mumbai's western suburbs are reportedly pushing for unprecedented compensation packages, raising serious concerns among developers about project viability and delivery timelines.

Housing societies across Mumbai's western suburbs are reportedly pushing for unprecedented compensation packages, raising serious concerns among developers about project viability and delivery timelines.

The Maharashtra Real Estate Regulatory Authority has rejected a Nagpur developer's attempt to deregister the residential portion of its MIHAN-SEZ mixed-use project, ruling that financial non-viability cannot justify abandoning registered project commitments.

MahaRERA has rejected a developer’s plea to partially deregister a project citing financial nonviability, affirming that a registered real estate project must remain under full regulatory binding. Correction applications permitted under strict timelines.