MAHARERA cancelled registration of Dhanashree Developers

Dated on: Tuesday 4th February 2020

MAHA RERA through an interim order has revoked the registration of Dhanashree Developers after it failed to complete a housing project in Goregaon by the completion date  June 30, 2019, and did not renew its registration as an ongoing real estate project. The registration was revoked under Section 7 of the Real Estate (Regulation and Development) Act (RERA). This is the second such project for which MahaRERA has revoked the developer’s registration. On October 22, 2019, MahaRERA had become the first RERA authority to use Sections 7 and 8 of the act to revoke the registration of DS Kulkarni Group in connection with the DSK Sadaphuli project in Pune.

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