As many as 3,371 residential projects across the state have been declared “lapsed” between 2017 and 2021 because the builders were unable to complete them in the deadline they had set while registering their projects with the MahaRera. Of these, 453 projects are in Greater Mumbai, according toMahaRera’s list of “expired” projects.

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The validity of MahaRera registration for these projects has expired. The promoter shall not advertise, market, book, sell or offer for sale, or invite persons to purchase in any manner any plot, apartment or building, as the case may be,” the regulatory authority said.