Real estate regulatorMahaRERAhas declared 407 projects across the state lapsed in 2021 after their validity of registration expired. The lapsed list includes around 23 projects in the Aurangabad division alone.
As per rules, a promoter must not advertise, market, book, sell or offer for sale, or invite people to purchase any plot, apartment, or building in any of these projects.
The MahaRERA came into force on May 1, 2017.Maharashtrawas one of the few states that brought ongoing projects under the Act, the Credai officials said, adding that a majority of these 407 projects were from the pre-MahaRERA time and were classified as ongoing projects.