BEFORE

             THE MAHARAS}TTRA REAL ESTATE REGULA IORY AUTHOR]'I-Y
                                             MUMI]AI

                                SUO MOTU CASE NO:141 of 2020



 Secretary, Maharashtra Real Estate Regulatory Authorit)'                     Complainant

                VeIsLrs

 Dreams Corrstructbn Pvt Ltd.

 '1. Varsha Oslval & Co. (Chartered Accountant)


 2. Shripad Padhye (Proiect Architect)
                                                                              Projerl Professionals


 MahaRERA registration no: P52100000381



 Corlrm: Shri- Cautam Chatterjee, ChajrPerso\ MahaRlRA
 Rcspondent was rcPresented by Mr. Umesh Ambardekar, Dire{tor
 Chartercd Accountant !vas rcpresentcd L1y N'{r. Raien.lra Kathicia'
 Project Archite.t did not aPPear'




                                                Order
                                          February 27, 2020




 l    This is a suo-rnohr matter taken up by Nlaharera against the ResPonden(s prtiect
                                                                                            'Raksluk

      Vatika A B C hlings' v'hich is registered !t'ith Maharera Registration no' P52100000381'

2.    On review oi the Respondent's Proie.t registration, it is olrserved that the proiect
      registration oi the saicl project has laPsed on October 31, 2018 and thereaiter, no e\tension
      oI the date has been eith$ sought or granted nnder the Provisions oI the Real Fstan-
      (Rcgulatiorl and Development) Acl,2016 atld the lules and r€8ul.1tkrns made theretnder'
      Further, the details available on the proje{t registration webpage show that the Proie(t is
       not yet completed. Moreov€r, the ResPondcnt has not uploadcd the Arurual Audit Report
       of Statutory CA - Iorm 5 for FY 17l8.tnd FY 18-19 titl .latc as required under the provisio s

       of section a(2) I and scction 11(1) of the Real Estate (Regulation .1lld Devclopment) Act, 2016

       re.id with regulation 4 of the NlahaRIRA alerelal Regulations,2017



                                                  t/2

                                                                            \-*
3.   Sin(e, there have been no online comPlanlB tiled with MahaRllltA in thls project' as vet'
     this mattel was taken uP as a Suo Nlotu ComPlaint ard t]rc ResPondent and Projcct
                                                                                                     of
     Professionals, associated with the Proiect, rvere called for the hearirrg- The lepresentative

     Respondent Nlr' tiajendra Kathieja, Director, r 'ho apPeared Ior trcarinS' submitted that the
     project could not be comFlet€d in the stiPulated time


                                                                                                rvoul'l
i.   At this stage $'hen t]rc Project registration periocl Jras lapsed, the onlv wav fo|rvard
     be to protect the riSht of the allottees and enable the to form an Associahon of
                                                                                            albttees
                                                                                                  the
     whocan take an hlormed decision regardiig carrying out the balance worktocomplete
     project.



     In vieh, of the above facts, the ResPordent Dreams Constructior Pvt Ltd is hereby d
                                                                                                're'ted
                                                                                              to all the
     to lundover the list of allottees of the said Proiect, along with their conta{t details'

     allottees of the said proie.t along ri/id1a coPy of this order, to enaLrle the allottees to
                                                                                                  form
                                                                                           to the said
     an association of allottees and thereafter take an inJorrned derision Pertainmg
     project. Thereafter, the association of allottees may like to proceed nder Section
                                                                                            7/B of the

     Act as per the lvlahaliEltA Order no. 8/201s Llated March 29, 2019'


      Ihe Respondent is directed to uPload the Aflrual Audit RePort oI Statutor!' CA - t'orm 5
      for FY l7-18 and FY 18 19 lvithin 30 days from drc date of this Order'


 7    Cortsc.lurnti\,, the nratlrr is hcr.by disposed oI



                                                                                        k"lt-----t
                                                                                          Chatterjee)
                                                                             Chai          Nlah.rRERr\




                                                   212