India, Sept. 25 -- The Maharashtra Real Estate Regulatory Authority (MahaRERA) has said that developers cannot partially deregister a real estate project on the grounds of financial non-viability. A developer constructing a mixed-use commercial and residential project in Nagpur's MIHAN-SEZ had approached the regulator seeking deregistration of the residential component, citing financial non-viability and zero bookings.

Nagpur-based real estate developer Moraj Infratech Private Limited sought deregistration of its residential building Ganga, citing financial non-viability. The project currently has zero bookings, as no units have been offered for sale

According to the submissions, the commercial section of the project, comprising 37 unit...