BEFORE THE

                    MAHARASHTRA REAL ESTATE REGIJLATORY AUTHORITY
                                                 MUMBAI

                                  SUO NIOTU CASE \O. 60 of 2020



    Secretary, Maharashtra Real Estate Regulatory Authodty                    Complainant




    Sai Deveof€rs                                                             Respondent

    Sunil Vaidya (Chattered Accountant)
    (M/s. S. V. Vaidya & Co.)

    M/s. Akruti Consultant (Prorect Architect)
                                                                               Proiect Professionals



    MahaRERA registration no: l'512n014212

    Corum: Shri. Gautam Chatte4ee, ChairPerson, I\'lahaRER{

    None appeared for the RcsPondent.
    None appeared for thc Iloiec(s Professionals'


                                            Order (Ex-Parte)
                                           F'ebruary 10, 2020


                                                                           ResPondent's Ploiect 'Sai
I       This is a Suo-Motu matter takel uP by N'lanaRERA against tlre
         Palace', which G registered with Maharera Regisbation
                                                                 No P51700014212'



        On review of the ResPonden(s Proie(t regiskatio4 it is observed that the
                                                                                               proiect
2.
                                                                                       no extension of
         registration of the said Proiect has laPsed oit Mach 31' 2018 and thereafter'
         the date has been eithe! sought or Sranted under the provisions of the
                                                                                          Iieal Estate
                                                                                made thorcunder'
         (Regulation and l)eveloPment) Act, 2016 and the rules and regulations
                                                                                     the Ploiect is
         FuItieI, thc dctails available on the pro,ect regishation webPage show that

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    not yet completed. Moreover, the ResPondent has not uPloaded the Annual Audit Report
    of Statutory C.A. - Form 5 for F.Y. 17-18 anr] F.Y. 18-19 till date as rcquted under the
    provisions of section 4(2)(l) and section 11(1) of the Real Estate (Regulation and
    Development) Act, 2016 read with Regulation 4 of the MahaRERA General Regdations'
    2017.


                                                                                               as yet'
    Since, ihere have teen no online complaints filed with MahaRERA in this project'

    this matter was taken up as a Suo Motu ComPlaint and the Respondent and Project
                                                                                    appeared for
    Professionals, associated with the Proiect were called for the hearing No one
                     and Project Professionals, associated with the Project in sPite of service
                                                                                                of
    fhe Respondent
    notrce.


                                                                      only way forward would
L   At this stage when the Project registration pedod has lapsed' the
    be to protect the dght of the allottees and enable them
                                                            to form an Association of allottees
                                                             out the balance work to complete
    who can take an infomed decision regarding carrying
     the proje(t.


                                                        DeveoPers' is hereb-\' directed to handover
     In view of the above fa.ts, the ResPondent, Sai
     the list oI allottees of the said projecL along
                                                     with their contact details' to all the allottees oI

     the said Projec! atong with a coPy of this order'
                                                                to enable the allottees to form an
      associaton of allottees and thereafter take an
                                                         i{ormed decision pertaining to the said
                                                       may like to Proceed under Section 7/8 of the
      project. Thereaftet the association of allottees
                                                     dated N4arch 29' 2019'
     Act as per the MahaRERA Order no 8/2019


     The Respondent is directed to uPload the
                                                   Armual Audit RePort of Statutory C A - Form 5
                                                           the date of this Order'
     for F.Y. 17-18 and F.Y. 18-19 within 15 days from


      Consequently, the matter is hereby disPosed
                                                      of


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