India, June 17 -- The Maharashtra Real Estate Regulatory Authority (MahaRERA) has permitted the deregistration of a stalled housing project in Pune after finding that all homebuyers had either been refunded or had their claims settled, and no objections were received to the developer's request for deregistering the project.

According to the order, the developer sought deregistration on the grounds that it no longer wished to proceed with the project due to financial difficulties, delays, and its preoccupation with other ongoing developments. The developer also informed MahaRERA that the project no longer had any allottees, as Deeds of Cancellation had been executed with all purchasers who had entered into Agreements for Sale, and all boo...