‘Tareekh Pe Tareekh’: 100% complete, still no keys – Inside RERA’s extension loop

A growing number of housing developments are running past their scheduled completion dates, leading to frequent regulatory extensions that lack a guarantee of timely delivery. MahaRERA’s data highlights a substantial volume of these extensions processed annually. Developers often tout impressive completion figures while still pending crucial approvals. The oversight framework fails to secure buyer possession effectively, raising concerns about the effectiveness of the system.