Become A Partner
 
  1. Home
  2. News
  3. MahaRERA At 9: Developers Hail Transparency Gains, Flag Approval Delays As key Concern

MahaRERA At 9: Developers Hail Transparency Gains, Flag Approval Delays As key Concern

01 May 2026

As MahaRERA completes nine years, it is credited with transforming Maharashtra’s real estate sector through greater transparency, accountability, and buyer confidence. Developers acknowledge improved discipline but flag persistent approval delays. Despite Supreme Court criticism, stakeholders stress its importance while urging faster clearances and better coordination.
MahaRERA At 9: Developers Hail Transparency Gains, Flag Approval Delays As key Concern

MahaRERA Celebrates Nine Years of Transfoming Maharashtra's Real Estate Sector

Mumbai: As Maharashtra's real estate regulator MahaRERA approaches a significant milestone on May 1, industry stakeholders are hailing the authority's impact on transparency and accountability, while highlighting persistent challenges around project approvals.

Key Developments and Challenges

  • Improved Transparency and Accountability: MahaRERA has helped bring structure and discipline to the state's real estate market, streamlining project registrations and disclosures, and creating a more credible ecosystem.
  • Project Approvals Delays: Industry stakeholders have raised concerns about delays caused by multiple planning authorities, calling for faster approvals and deeper digitisation.
  • Regulatory Reforms: Developers are advocating for reforms to address approval-related delays and improve coordination across agencies, as the sector continues to grow.

Industry Insights and Perspectives

Kamlesh Thakur, President of NAREDCO Maharashtra, highlighted the transformative role of MahaRERA in enhancing transparency, improving grievance redressal, and boosting homebuyer confidence.

Ram Raheja, Managing Director of S. Raheja, emphasized the importance of accountability, organisation, and financial discipline introduced by the regulatory framework.

Rohan Khatau, Director at CCI Projects Pvt Ltd, said RERA has shifted the sector from “promises to processes” by enforcing stricter timelines, clearer disclosures, and better execution discipline.

Data and Statistics

  • Projects Registered: As of April 30, 2026, MahaRERA has registered 54,215 projects.
  • Agents Registered: The authority has registered 55,714 agents.
  • Complaints Filed: A total of 35,089 complaints have been filed, with 28,970 resolved.

Regulatory Framework Under Scrutiny

Earlier this year, the Supreme Court of India sharply criticised Real Estate Regulatory Authorities, including MahaRERA, suggesting that they often end up protecting defaulting builders rather than homebuyers.

Developers maintain that the regulator has been instrumental in restoring trust and driving greater discipline in the sector, even as calls grow for reforms to address approval-related delays and improve coordination across agencies.