Around 10% of the 3,371 projects termed expired by MahaRERA may get extension two weeks after the real estate regulatory authority issued orders for regulating the lapsed projects.
The developers have been told to submit necessary documents for seeking extension that will allow them to carry on with the projects.
This is a good sign because if MahaRERA had not flagged such projects as lapsed, the promoters would not have taken any initiatives to revive them.