BEFORE THE T{AHARASHTRA REAI, ESTATE RECULATORY AUTHORITY
                                                    \4UMBAI

                                    Sl_() \1()lL ( \\1 \(i        S 1,t l(rll)



    Secretary, Marharashtra Real Estate Regulatorv Authority                        Complairli['rt

                   Vctsus
     I\,1r. Naveen Oml,r-akash Jaisu,al-                                            Respondcnt

    l. Par.r,an Sahu & Co. (Chartered Accountant)
    2. Akruti Archite,.ts (Project Archiiect)                                       Projcct Prof essi(xrals


    \'1.rhaRtR,,\ rcllish atiorl no: P52000009973

    Corunr Shri. Cautam Chatte4ee, Chairperson, \,lahaRERA
    Norre appeared for Respondent.
    None appeared for' Proie(fs Professionals.



                                                     0rder (ExJ'a(e)
                                                    Fcbruary 20, 2020


I
        'I his is a Suo Nlotu matter lakcn up b\' \4ahilllJll{A against the Respondent's 'Shrcc

       (jant,sh', w,hich is rcgistered \,!'ith Nlaharcrd I(( [isiration No. P5200001]9973.



        On lcvicu' of the Respondent's }rrojL'ct rcp,istration, it is obsen'ed that the projLa-t
         registrdtiql ot the said project has lapsed on S'eftember 30,2018 and thereafter, n(,
         .xtorsion of the date has been either soullht or l}'antcd under the provisions of thc Rcal
         Flstate (lteljuldtion and Dcvel()pmcnt) A.t, 2016 .rnLl the rules and regulatiurs nr.tdo
         thereunder. Further, &e details available (nr thc projc.t rEgistration $.ebpage sh(x^. that the
         proiect is not vet completed- i\{oreover, the Respr)ndent has not uploaded the Annual
         Audit Rcport of Statutor), CA - Form 5 for FY l7--lB and FY 1B- 19 till date as requircd und.r
         thc, provisions ot section 4(2) I and section ll(l) of the Real Estate (Regulation anrl
         Dcvclopmcnt) Act, 20-16 read L'ith rcl,,ulatiorl ,l of thc MahaRERA General Rcgllatir)ns,
         2017.




                                                                                      'i
      Si[ce, thcrc havc bccn no onlinc eomplaints fileil with NI;rhaRERA in this projert, as vet,
      lhis ,n?rtt(,r was tak.rn up as a Srro l\,lotu Comtll.linr and the Respolrdcn!.xld Irrojccr
      Professiorrlls, associated u,ith thc Froicct, u'ere callcd for.th. hea ng. No onL, appeared for

      dre Resl,ondt,nt arrd Projc.t Pr('lessiorlals, associatecl v!ith the project ir spite of sel1 ice of




-l    At this st.ge when the project rcgishation peiod has lapsed, the onlv way tirrwarrl woultl
      be to plotcct thc ight of thc allottc.s altd enabl.' th(,nr lo Flrrm an Association of allottees
      h,ho can take an iniormed de(ision regarding carrlir1g out the balarcc work to comPl(,tc
      the projer't.


:;   In T,icw, of thc nlrove facts, the Respondcnt Mr. Navccn Ompr.akash laislvirl is hercbv
     directed to handovcr the list oI aliottcos of &e said frol(,ct, al()ng ir,irh their r(nrta.t details,
     to all tlrc allotk,es of the saiil pr(ie{ t, .rlong \\,ith a .o}rv of this order, to cllablc the allottees
     to form an ass()ciation of allottecs antl thereafter take an infornred d(-.isi(rn pcrtaining ti)
     the said project. ThereaJter, thc asso.iation of allottees rnav Iike to proceed under Section
     7/8 of thc r\ct as per the MahaRl-ttiA Ortter no. 8/2019 datect March 29, 2019.


     The Respondcnt is tlilecterl to uplo.rrl tllc ,&1nual ,,\uLlit RcFort of Statutor\. (.A - Frtrrn 5 1or
     I-Y 17-ltl and f Y 18-19 lr'idrln l5 davs I rom the dare,,1 rhis ()rder.



      Consctl.rtnth, titr mattel' is Ircft,h. (ljslrose(l of




                                                                                             t\,Jr:---!
                                                                                            tatn Chattet.c)
                                                                                 (hai            N Iaha   ltEIiA