The MahaRERA has come out with a formula to revive over 3,300 projects that it had blacklisted since its inception. Lawyers and CAs have mixed responses to this stand. Some feel affected flat buyers should take up this opportunity and come forward to complete their stuck projects on their own.

MahaRERA has so far (since its inception on May 1, 2017) registered 30,668 projects, out of which 7,214 were completed. It is seen that 3,371 projects have expired and promoters have not applied for extension of the project dates nor uploaded Form 4 (the architect's certificate). MahaRERA order no. 24 dated September 21, issued by Secretary MahaRERA Dr Vasant Prabhu, has prescribed certain procedures to revive or revalidate the lapsed project.