Skip to main content

MahaRERA Statistics (Registered Units)

Mumbai homebuyers remain chary of new purchases, irrespective of which end of the budget spectrum they are at. Unsold inventory in the so-called city of dreams for 1-, 2-, and 3-BHK homes remains at 49, 50, and 51 per cent, respectively, a new report from real estate consultancy JLL India shows.
Worse, the report, which looks at projects registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA), projects that unsold inventory in various parts of the city will rise in 2018 compared to 2017.
According to the report, Thane Municipal Corporation and adjacent areas are performing better than Mumbai, with the least number of unsold units at 15 per cent for projects scheduled to be ready by end of 2017. The bad news is that the number is likely to be more than double to 38 per cent for projects that will be completed by 2018.
The data, as of July 31, 2017, shows unsold inventory in Andheri at 36 per cent in 2018, compared to 28 per cent in 2017. Chembur is likely to see unsold inventory at 30 per cent in 2018, compared with 69 per cent in 2017. Borivli, however, will see a demand surge, with 2018 unsold inventory projected at 29 per cent compared to 58 per cent in 2017, a 50 per cent fall.
According to data from MahaRERA, the maximum number of units, 59,516, registered are in Thane Municipal Corporation and Thane district. This is followed by the Western suburbs, where 28,000 units are registered. Central suburbs follow with 16,852 units, South Mumbai at 11,424 units, and the Harbour region with 7,502 units.

Source : DNA

Comments

Popular posts from this blog

RERA Self Declaration to be submitted by the Promoters to the Bank

For Registration visit  www.GoRERA.com (Only 11 days left) Circular No. 3/ 2017 No.MahaRERA/Secy/File   No .27 /79/2017 Date : 0 7 th June 20 1 7 . Self  Declaration to be submitted  by  Promoters to the   Bank. Whereas the MahaRERA Authority, under section 37 of the RERA Act, 2016 and Regulation 38 of the MahaRERA (General) Regulations 2017 is vested with the powers to issue directions and orders to promoters, real estate agents and allottees from time to time for effective implementation of the Act and to achieve the underlying object behind the Real Estate (Regulation and Development) Act, 2016. Whereas the promoter under section 4(2)(l)(D) of the Real Estate (Regulation and Development) Act, 2016 is required to deposit seventy per cent of the amounts realised for the real estate project from the allott ees in a separate account  to be maintained  in...

Mumbai: 150 homebuyers register a complaint with MahaRERA against real estate project at Mira Road

Nearly 150 homebuyers have registered a complaint with the Maharashtra Real Estate Regulatory Authority (MahaRERA) against a real estate project at Mira Road which has been stalled for the last four years. Buyers said that the construction work of the project was affected after a dispute among the directors of the company, Kashmira Ceramics Products. According to one of the buyers, the project named Tanvi Eminence, is divided in two phases. It was announced in 2010 with 500 flats and the developer had promised to deliver the flats by 2016, however, the project got stalled in 2013 after a fallout amongst the directors. The buyers will be meeting Chief Minister Devendra Fadnavis and state chief secretary in order to take action against the developer. Buyers alleged each of them had paid an advance of nearly Rs 25 lakh to the developer while booking the flats and most of them are now paying off their loans. Although, only 150 buyers have lodged complaints, there are more than 400 ho...

Deadline July 31, but only 350 of 9,000 Maharashtra builders sign up with RERA

MUMBAI: Around 9,000 builders  in the state are expected to register their projects under the  MahaRERA, but only 350 of them have done so since May 1, when the regulations came into effect, reveal MahaRERA authorities. The deadline for registration is July 31. If builders don't register their projects, they face fine under the RERA and even a jail term in case of repeat offence. Industry experts say the poor registration rate might be an effect of the slow pace of construction projects and absence of new launches. Around 80,000 residential units remain unsold in the Mumbai Metropolitan Region, which is second after the National Capital Region which has 1.6 lakh unsold units. Explaining the current situation, Ramesh Nair chairman of CII Realty and Infrastructure Conclave and CEO & Country Head, JLL India, said, "The number of new launches has come down and the focus has shifted to completion of existing projects. The profitability has f...