BEFORE THE

                  MAHARASHTRA REAL ESTATE RECULATORY AUTHORITY
                                              MUMBAI


                                 SUO MOTU CASE NO. ,1I OF 2O2O



     Secretary, Maharashtra Real Estate Regulatory Authority                    Complainant




     Sanklecha Construction Private Limited                                Respondent/Promoter

     S. Vinod & Co. (Chartered Accountant)


     G. V. Katale & Associates (Project Architect)
                                                                     ... Proiect Prof essionals

     MahaRERA registration no. P515000O7130


     Corum: Shri. Cautam Chatterjee, ChairpersorL MahaRERA

     Respondent, Mr. Puneet Sanklecha, Director, \ 'as hirnself present.
     Mr. Sagar Avhad, represented the Projecfs Chartered Accountant.
     Mr. Gorakh Katale, represented the Projecfs Architect

                                                     order
                                           lanuary 01,2020



1.       This is a Suo-Motu matter taken up by MahaREILA against the Respondmt's Project
         'The Metrozone Athens C3' which is registered with MahaRERA Re8istration No'
         P51600007130.



2.       On review of the Respondent's Project registatioq it is observed that the Project
         regishation of tle said Project has lapsed on June 30, 2018 and thereafter, no extension o{
         the date has been eiths sought or granted under the Provisions of the Real Estate
          (Regutation antl DeveloPment) Act,2016 and the rules and regulahons made thereunder'
         Further, the details available on the project regishation webpage show that the Project
         not yetcompleted. Moreover, the ResPondenthas notuploaded the Annual Audit RePort


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     of Statutory CA - Form 5 for FY 17-18 and FY 18-19 till date as required under the
     provisions of section 4 (2) (l) and section 11(1) of the Real Estate (Regulation and
     Development) Act, 2016 read with Regula[on 4 of the MaIaRERA Ceneral Regulations,
     2077.



3.   Since, there have been no oriline complaints filed with MahaRERA in this Prorect, as yet,

     this matter was taken up as a Suo Motu ComPlaint and the Respondent and Proieat
     Professionals, associated with the Ploiect, were called for the hearing. The ResPondent/
     Project professional, who appeared lor hearing, submitted that the Prorect could not be
     completed in the stipulated time.


4.   At this stage when the project registration period has lapsed, the only way forward would
     be to protect the right of the allottees and enable them to form an Association of allottees

     who can take al informed decision regarding carrying out the balance woik to complete
     the project.


     In view of the above facts, the ResPondent js hereby directed to handover the list of
     allottees of the said Project, along with their contact details, to all the allottees of the said
                                                                                (orm an assmiation
     project along with a coPy of this order, and to enable the allottees to
     of allottees and thereafter take an ir ormed decision pertaining to the said project'
     Thereafter, the association of allottees may like to proceed under Section f8 of the Act
     as per the MahaRERA Order no. 8/2019 dated March 29, 2019.


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


7.   Consequcntl)', the matter is herebY disposed of




                                                                                     tam Chatte4ee)
                                                                                        NIahaRERr\




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