BIFORE

            1IIh MAI IARA.SHTRA RIIAL LqTATE ItICUI-A IORY -'\U IHOI{Il Y
                                              MUMI}AI

                                suo l!10I l- CASL NO:l1q o12020


                                                                                Co'rrplaina,rt
Secretary, Maharashtra Real Estate Regulatory Authority

               Versus

Venkatesh Lainl i DeveloPers

1. Nitesh Nl Shah & Co. (Clrartored Ar:'ountant)
                                                                                 Itoject Profcssionals
2. Prasad DoiPllode, Stramline Consultants (?r('jiect Architect)




N,lahaRERA registration no: I'52100009565



Corum: Shri. Gauta,n Chatterjce, ChairPerso'1, N4ahaRERA
Respondent tvas rePresented l)\' N'{r. Devdattn lk)ralk'1r'
                                                            Parber
Charttrcd Ac(ountant B'as rePresented b)' l\lr'  Nitesh  Shah'
proje.t ALchik (l was rcPrescnlcd bv Mr' Irrasid DoFhode'



                                                 Order
                                           licbru.rry 27, l0l0




 I    This is a suo-rnotu mattcr taken up by lvlaharcrn agairst the ResPondent's Ploject'Fortune
      Plrza Ph.rse It which is registered wilh N{aharera Registration no P52100009565

 l    On review o{ the ResPondent's Pr()je't regislr'rtilnr' it is observcd that ihe Proicct
                                                                                       no c\tcnsi"n
      rcgishntion of the said Project has laPsed on December 3l ' 2018 'nd thereafter'
      ol tlie datc has tr-'en citl1cr sought or Sranted undcr the Provisions ol the R€al Istntc
      (Regulalion an(l DevekrPm€nl) Act,20l{i and tho rulcs and rcSulations madc thereundcr'
                                                                                                      is
      l urther, the dctnils avaitable on the Proiect rcgrstrahon $'ebPage sho$' that the Proiect
      not yet r(,mpleted. Moreover, the ResPondent has not L'Ploaded thc Ar)nual
                                                                                          Audit R'Port

      oi Statutor! CA - l:omr 5 for F-t l7 18 and l:Y 1li_19 till dntc as required under thc Provrsrons
       ol sL\:tnnr "1(2) I and secti(n 1l (l ) of fie Rcal Esratc (Re8L'lation and DeveloPnrent) Act'
                                                                                                        2016

       read h'ith regulation.l oi tlle N'l.rhaREliA Gmer.ll Ilegulations 2UlT'
                                                    112




                                                                                  4
    Shce,therehaveL.e€nnoonlinecomplaintsiile(l$'ithN{nhaRERAinthis}rro,.'€t,asYet,
    thismattelu,astakenuPasaSuoMotuComPlaintancitlreResPondentandProiect
                                                                 for the hearins The ReliPondent N4r'
    Profcssionals, assNiat..l with the Proiect, rvere 'alled
                                                                  subtlritted that the project 'ould not
    Dcvdatta Boralk.rr, I'artner, rvho aPPcarcd tor hcaring'
    bc (omFleted in the stiPuLrtcd time-


                                                                 laPsed' the only way folward worrl'1
I   At this stagc wlrcn the Proiect registratioll Period has
                                                              them to folm an Association of allotte€s
    be k) protect the right o[ the allottees and enable
    whocantakeaninformeddcrisionrcgardilgcarryingoutthcbalanceuorktocompletethe
    pro,e.t.


     Inviewofthcabovefacts,tlreResPondentVclrkateshlaxmiDevelot'crsisherebydir{ied
     to handover the list of alk)ttees of thc said proiect'
                                                              along wit1l their conta't detdils' to all the
                                                                  order' to enablc the allottees to form
     allottees oi th('said Projcct, along with a coPy of this
     anassociationofaltotteesandthcrea{tertakeaninformeddecisiollPertaininstothesaid
                          associatron of allottees rrulr like to Proceed undcr Seclion
                                                                                       7/8 of the
     proje.1. Thcft'after, thc
                                                                       29' 20-19
     Act as per the MahaRERA Order no 8/2019 dated Nlarch

                                                                       RePort of St'rtutorv CA - l:orm 5
     The Responrlent is dire.ted to uPload the Annual Audit
     for IrY 17 18 an<lFY 18-19 within 30 days fronl the dabe of this
                                                                            Order'



     Consequentty, the matter is hereby disPosed of


                                                                                        .fu^* - .
                                                                                       lGa t.rm Chatteriee)
                                                                                   ChairperJon, MahaRERA




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