BEFORE
                 THE NIAHARASHTItA REAL ESTATE RECULATORY AUTIIORITY
                                               ML NIBAI

                                    SUO NIOTU CASI NO: 193 of 2tl2(]



Secretarv, Nlaharashtra Real Estate Regulatory Authorit)'
                                                                               ColnplaiDant




    AthaNa Developers                                                          Respondent


    1. CuIuprasacl Kadam (Chartered Accout-Itant)
    2- S. B. Associates (Projcct Architect)
                                                                               Plol(.cf Pr!,IL'ssi(]Irn s
                                                                                                       I




    MahaRERA registration no: P52900008684

    Corum: Shri. Gautam Chatterjee, Chairperson, MahaRERA
    None appearcd for ResPondent.
    None appeared for Projecfs Professionals.


                                                 Order (Ex-Parte)
                                                  N1arch 16, 2020



I       This is a Suo-N{otu n'latter taken up by MahaltERA a[iainst the ResPondenfs 'Laxnri
        Arcade', h'hich is registered with Maharera Registlation No. P52900008684.



         On review oI the Respondent's project registlatiot it is obseNed that fie Project
         regis[ation of the said project has lapsed on December 31,2018 and thereafter, no
         extension of the date has been eithet sought or Sranted under tlre Provisions of the Real
          Estate (Regulatiorl and Developrnent) Act, 2016 and the rules and regulations made
          theieunder. Further, the details available on the project registration l{ebpage show that the
          projecL is rlot yet completed. Ir{oreover, dre Respondent has noi uPloaded the A lual
          Audit Report of Statutory CA Form 5 for FY 18-19 till date as reiluire,J rrnrler rhe
          provisions Lrf section 4(2) I and se.tion 11(l) of the Real Estate (Regulation arld



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                                                                                    &"-*
                                                                                      General Regulations'
         Development) Act, 2016 rcad with rcgulation 4 of the MahaRERA
         2017


                                                                       ]r,lalraRERA in this project, as yet,
3        siDce, thefc have been tto online conrplaints filed witlr

         tllismatter$,astakenuPasaSuoNl0fuComPlaintandtheliesPondentandProject
         Prolessionals, associatecl \\'ith the project, \lere called for the
                                                                               hearing No one appeared ior
                                                                          the project ill sPite of service of
         the Resl.ondel1t ancl Projeat Professionals, associated with
         notice.


                                                                              only rvav forrvarcl would
-1       At this staEle when the proje.t rcgistration Periocl has lapsed' the
                                                                    to flrrm an Association of allortces
         be to protect the dght of the alloftees antl enable them
                                                                                           work to comPlete
         who can take an inJormeci decision legarc{ing carrying out the balancc
          lhe proie.t.


                                                                                                            to
         ln view of the aLrove facts, the Respondent Atharva Developers is herebY 'lirc'ted
                                                                                       details' to all the
          handover the list of allottees of the said ptoject, along witi thei{ contact
                                                                               to enable the allottees to form
          allottees of the said Project, alonfi with a coPy of thi'i order'
          ai association of allottees and theleafter take an informed derision peltaining to Lhe
                                                                                                          said

                                                                                    uncler Section 7/E of the
          projcct. ThereaJter, the association of allottees may like to Procecd
          Act as Fer the MahaRERA Order no. E/20.19 dated Nlarch 29' 2019'


          The Respondent is directed to upload the Annual Audit Report of
                                                                                   Statutory CA - Form 5 for
     6

           FY 18-19 within 30 days fuom the date of tlts Order'



           Collsequently, Ole matter is hereby disPosed of

                                                                                                  4-oi.--.' 1
                                                                                          (r-la   nr Chattc{cc)
                                                                                    Chairp         NlahaRERA




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