Kanakia Spaces entered two distinct agreements to undertake the redevelopment of large housing societies in Borivali, a prominent suburb in Mumbai.

Promoters must now use only qualified and certified real estate agents under MahaRERA. This guideline protects homebuyers and the real estate industry. Non-compliance might lead to project registration rejections, registration revocations, or promoter fines.

MahaRERA reached a milestone in 2023-24, registering 4,332 projects from 5,471 applicants. Officials stressed that the remaining applications are being carefully reviewed to ensure project integrity and compliance.

In the real estate realm, "stalled projects" are those that have ceased construction entirely, contrasting with "delayed projects" which progress slowly due to various factors.

The Chennai real estate market has faced unprecedented challenges, according to the September 2023 CREDAI RAW Report. CREDAI Chennai's report covers sales, residential projects, and registration fee increases.

The Real Estate Regulatory Authority of Delhi has made it mandatory for developers to register their ventures, even if the property will be leased and not sold.

According to Delhi real estate market reports, several developers are avoiding registering their projects with the Real Estate Regulatory Authority (RERA) despite the necessity to do so whenever the developed area surpasses 500 square mtrs, regardless of the number of flats constructed on the plot.

In Maharashtra, over 400 real estate developers have submitted for e-registration of their projects from their offices since October 2021, when the online service for first-sale homes was offered to reduce congestion at the state's sub-registrar offices.