BEFORE THE MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY, MUMBAI Virtual Hea ng held through video conlerence as per MahaRERA Circula r No .: 27 / 2020 REGULATORY CASE NO.O3 OF 2022 PRO]ECT NAME: LODHA MAHALAKSHMI - SIGNET PROMOTER NAME MACROTECH DEVELOPERS LIMITED MAHARERA PROJECT REGISTRATION NO. p51900045424 alonq-with PROJECT NAME: LODHA BELLE\LIE PROMOTER NAME MACROTECH DEVELOPERS LIMITED MAITARERA PROJECT REGISTRATTON NO. ps1900046567 ORDER January 03, 2023 (D nle o;f t irtual ltearillg - 22.12.2022, mattet resen ed fur orfur\ CORAM: Shri Aioy Mehta, Hon'ble Chairperson, MahaRERA along with Shri Mahesh Pathak, Hon'ble Member 1, MahaRERA Advocate Yogendra Singh & Vicky Pohuja for the Promoter 1 Macrotech Developers Limited, the Promoter herein had registered the project namely "LODHA MAHALAKSHMI - SIGNET" and "LODHA BELLEVUE" under section 5 of the Real Estate (Regulation and Development) Act, 2016 ("said Act") of Real Estate Regulatory Authority ('RERA") bearing MAHARERA Retiskation Nos. PSa9OO0/l6424 and P51900046557 respectively (hereinafter referred to as the "said Project 1" and "said Proiect 2" respectively). 2. Thc Promober vide its letter dated 14.12.2022 sought the following directions: "We hereby requesf you lo kindly granl us enrltl lvaing in tenns of the otrlers datud Srt' Septenbet 2022 .lnd 18tt, Not ember 2022 nnd grnnt ow prayers for: n. Deregistrnfion / t'ithdraunl / cancellntion of RERA registration no. P51900046424. b. Confinn that P51900016567 is n spernte project Irorl P5'1900046424 i tl P51900046567 cnn be sold etc. ()itln ti y rcstnctions-" a.l4^--ett^ Page I of 4 u1, Pursuant to the above, the Authority fixed a virtual hearing vide the captioned 3 on22'122022w|'erein the following roznama regulatory case number which was heard was recorded: "The Promoter is Present "fhe Promoter stotes thnt tlL Ptulect namely Lodha Mahalakshmi ' Sil!:! :w:registercd o11 toith irn iina ," ii 'i[.i)'iir-ri* o6.2022 u;der the rigtsttotrcn No' .P51.900046424' ,Subsequently pr"-*"r gaoe a le ttet to MnhaiEP-4 to kee1 thr aforesdid regis.tratiofl in abevance r. sale or thiri-party lLgllts l@re created' Theteafter' s bsequentlll o.@mplaint 70ns ,in"r"ir '1i[o ddtcd 05 09 2022 ruherein tlrc sectetant' ri'iJri ri,rt ir,tp",rra[y oi, oia" o7 tt'is AlLLhori'4 directeel to enquue into the niLter of rhe gon! of registration No' -pitiooaZ/r.au,ns MnhaRERA kepf m abevance. The Promoter ora till such Line the said regtsttttfin 1t,as to be stotes that he hns thereat'ter subttitted 2 le'ners one on 02 09 2022 and alotlor subsequently seeking to luithdtau the registratton No' P5'1900046424' the Prciect namely..Lodhn,Bellettue beaing In tht meantime, a second conploiflt relating to ';*,irri,"i, bv the Autltottty' N". psts0004656i tms fled Trirs complaini u'as also dis7osed in tt, aforcsaid ;;i;;',;;;;;;,'"";"'1i"-ii"*,^i,'*naRERA to corry out an enquiry reSislrnliott vooi slnnh dnd lhur lh' .olnplnintis tlol noinlamnblc undcr RLRA- of mnintainabilitlJ tl1is Attthotitll oieu's thnt 10. Hat'mg dismissed tlrc complmnt on the issue rcSisLra-tion ' Thr the issues raised Ay ln Co*pt'inonit- ltesh looi. at .tht, ""*i* ' of the issues ruised in this complaint This ,Jgrri*iiw gr**i ,ua' to oi u)''i'i"na in oieru n,n.p<< of rcoieu ruillb, *ro,n"i o" o *otu eicrcix as a part of the ]egulaton1 o"ets-i-ghL "o thnt the secretary' M,IMRERA .t'itt catt rot ';;:;;:i;;i;:;";:;ir"i,ii'i,i"1"liaiit"cted 'il i**Lr* r"toting ti tln ond examine tht same afresh This n'iII be done as '"g'"'tiLon n report conlplinn''es llnl ,"rf,"'*"r', ,rgrtr,"fi ,nniulni's'n'lto'y shall submir -on-tle ThP sc.relot.t, prcje,l r?gistmlion. irw im a"* or iot done lor obllitlnR'tlv ,aid of tlu- MahaRERA shnll also suggest ,i-rii" i"a the u,ay fonpard t any,. The repott the dnte of Secrctary, MahttRERA ,t ntt tt" to this Authoiity rt'ithin 30 dtys ftom "il*itlt'a a,ci"'o' iJ tni'' Secteiary' MnhnR-ERA is not git'en by tl1is order' TiIl the fnot '"port,of.-tht O'.*'pt I.bT the Respondent tltis AuLhoriyl the saitl rtolect iJgist*nin-"nat '" "::':'d it any to purclnse ,irti ,ir ranluri", market,' book,zell or offer for sale, or nuite..p*son/s ns lo cosl ' mnnn(t any apnrtfient in lhe sad Proic(l No ord{ MahaRERA b. Pursuant to the d eckion-s in the order dated 05 09 2022 the Secretary' annexed and marked as submitted a rePort dated 28 0g 2022 which is hereby "Anlexure A". in comPlaint No' c. Thereafter, on 18.11.2022, Member 1, MahaRERA passed an order CC006000o00292406filedinsaidPloject2bvthesameComPlainantsi'e'Urban venture Capital Fund against the hlfrastntchtres Trustees Ltd €'t Llrban bfnstrtcturc Pase3ot4 So.JvE-eJ,r \ *$- s Promotcr herein. The operative part of lhe order dated 18.-11.2022 is reproduced hereinbelow: "'16. Hopetter, tts directed by tlu Hon'ble Chdrperson/MnlaRERA in at'oresnid onbr datcd 05-09-2022, sitrce tlv cor pliint lns nlleged tlnt tltis proJect is efie ded palt of tlrc frst ptoject benring M 0RERA registntion flo. P51900046424, tfu kl. Secretary,/N4alnRERA is directed to cllLh tllis prcject alo g t'ith tlLe said Project no. P5'1900046424 and nftet scrutinizing nll relettant docunrcnts st\bfiiifted lry the respondefit no. 1, to fle report before tlp Hon'ble Clnitersonfu[ohtRERA t'or further appropriate orfur. TiLl tlten tlis prolect registrntion slall be kept in abeyance antl the rcspand?nt prcnloter is restfiined.ftam anll ad?ertisemcnt, Latketi g, bookitlg, selling or offer t'or sale, or inoite person/s to purdase il1 n y malner .tny nputfient in this project ns uell. '17. With these obsetuntiofls/ tliftclions, tlLe prcsent conLplaint stnnds elisposed of." d. Pursuant to the directions in the order dated 18.11.2022 the Secretary, MahaRERA submitted a report which is hereby annexed and marked as "Annexure B". 6. On perusal of the two reports submitted by the Secretary, MahaRERA the following directions are given a. That the said Project 1be de-regisLered as there are no bookings made by the Promoter hcrcin. b. That the said Project 2 is a separate projec[ and the Promoter herein for the said Project 2 is allowed to advertise, market, book or create third party rights by olfer for sale, enter into agreement for sale Ior any apartment in the sald Proiect 2. FINAL ORDER Thus, from the above the said Project 1 is de-registered. The Promoter herein is allowed to advertise, market, book or create third party rights by offer for sale, enter into agreement {or sale any apartment in the said Proiect 2. No order as to costs. Mahesh Pathak [-r-l.u Ald$ Mehta Member 1, MahaRERA Chairperson MahaRERA Page 4 of4 *nryv xl,'o'. { + Report In the matter of Complaint No. CC006000000251910 Urban lnfrastructure Trustees Ltd. & Urban Infrastucture Venture Capital Fund Complainants VS Macrotech Developers Ltd. .... Respondent No. 1 Money Magnum Nest Private Ltd. .... Respondent No. 2 MahaRERA Project Registration No. P5-1900046424 This report is being submitted pursuant to the order dated 05 092022 passed in the above complaint. The order dLects secretary, MahaRERA to call for the documents relating to Proiect registeled ulder No P519OtlM6424 and examine the same as a Suo-Motu regulatory exercise, The order further directs Secretary, MahaRERA to submit a report on the compliance done or not done for obtaining the project registration arrd also suggest remedies and the way forward if any. Accordirigly, the records of the case was called for and the webpage of the dated promoter was also seen. The case under reference relates to the apPlication ^15.06.2022 submitted by Respondent No. 1, Macrotech DeveloPers Limited for to regi-stration of their real estate Proiect known as Lodha Mahalakshmi-Signet 53 sq mtrs' be developed on the land bearing C S No 1913 admeasuring 1629 The project tyPe being commercial' had the From the records it is noticed that the application as submitted following deficiencies: 1) Past exPerience details were not mentioned' 2) Litigatiors details not listed but at the 3) Informing that the Proiect Plan is not sanctioned by MCGM same time mentioning that one building plan is sanctioned 4) Uploading Commencement Certi{icate of another property in the application' the tnsPite of the above listed non