BEFORE'I}II1

                    MAHAIIASIITRA REAL ESTATF REGULATORY AUTHOIII:IY
                                               MU-MBAI


                                  suo Nroro cAsl \o. 22 (.)1, 2019


     Secretary, Maharashtra lieal Estate Regulatory Authorit)                 Complainant




     ApsaraDevelopers                                                          ResponLlent

     Vinod Patil & Associates (Chartered Accountant)

     O. K. Malparri & Associates (Chartercd A..ountant)

     B. R. Gandhi & Associates (Prqect Architect)
                                                                               Prq.ct Prolessionals

     MahaRERA tegishation no. P5180001 1928

     Corum: Shri. Gautam Chatte4ee, Chairperson, NIahaRFItA

     Respondent/ Promotei did not aPPear
     Project professionals did not aPPear.

                                             Order (Ex-Parte)
                                           De.embel17.2019


1    This is a Suo-Moto matter taken up by MahaREttA against the Respondent's Project
                                                                                Registration
     'Redevelopment Of New Apsara CtlS Ltd' which is registered r^'ith MahaRERA
     No. P51800011928.

                                                                                         registration oI
2.   On review of the ResPondenfs proiect regishation. it is obserued that the Proiect
     the said project has laPsecl on September 30,2018 ancl thereaFter, no exLension
                                                                                     of the date has
                                                                                   (t<cgulation and
     been either sought ol granted under the Provisions of the Real Estate
     Development) Act,2016 and the rules and legulations made thereur-lder' Further' the details
     available on the project registration webpage show Uut the Project is not vet comPleted'
                                                                                                - Form
      Moreover, the Respondent has not uploaded the Annual Audit RePort of Statutory CA

                                                    1/2



                                                                            ,Go;ll'-- -
                                                                       E
     5 tor F.Y. 17-18 and LY. 18-19 till datc as requted under the provisions of section'1 (2) (l) and
     serlion 11(1) of the Real Estate (Regulation and DeveloPment) AcL 2016 read with Regulation'l
     of the N,tahaRF.RA Ceneral Regulations, 2017.


3.   Sii(e, thorc have been no online comPlainLs fitcd with MahaRERA in this Proiect, as yet, this
     muttr,r was takcn uP as a Suo Moto Complaint and the ResPondent and Project Plofessit)nals'
     associated rvith the project, were called for the hearing. No one aPPeared for the IlcsPondcnt

     and I'roie.t Professionals, associated with th('Project in sPite of sen'ice of notice'


-l   'Ihc project is a redevelopment Pro,ect of Ne\{ APsara Chs Ltd. At this stage, h'hen the Proiect

     registrati()n period has lapsed, the only *'ay fona'ard would t'e to Protect the right of the
     allottces, which include everY individual memt'er of New Apsara Chs Lhl and all buycrs of
     aljartmcnlshtheProrect,toenablethemtoformanAssc'ciationofallottees$'hocantakean
     iilormcd dccision regarding carrying out the b.dance work to comPlete the proie't'

     ln vicw of the above fa.ts, the ResPond€nt _ APsarallevcloPers is hereby directed to handovt'r
     thc list o( allottees oI the said     along widl their contact details, to all dle allottces oI thc
                                     Ploject,
     said proiect, along with a coPy of th;s ordci, and to enable the allottees to form an
                                                                                              association

     of allottees and thereaJter take an informed decision Pertaining to the said Proje't"lheteafter'
     thc associatir)n of ailottces may like to proceed under Section 78 of the Act as F:r the
     MahaR[RA Ortler no. 8/2019 dated Nrarch 29, 2019.

     'lhc Resrx)ndent is directed to uPload the Annual Audit Report of Statutorv CA - Form 5 f(rt
     f.Y. l7- | 8 and I'.Y.1&19 ivithin 15 daysfrom the (late of ttus Order'

     Cons('quently, the matter is hereby disPosc'l of




                                                                                     (cau    Chatte4ee)
                                                                                Chairperson, Mahalt[RA




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