BEFORE THE

                       MAHARASHTI{A REAL ESTATE REGUI,ATORY AUTHORITY
                                                    MUMBAI


                                       SUO N,IOTO CASF, NO, 2.T OF 2019



    Secretary, Maharashtra Real l.stdte llcg!l.1iorY Authoritl.




    Orra Realtors Private Limit€d                                              Respondcnt/ Promoter

    O. K. Malpani & Assffiates (Chartered Accountant)

    B. R. Gandhi & Associates (Project Archite.t)
                                                                               I'roject I'ro{essionals

    MahaRERAregiskation no: P51800010E46
    Corum: Shri. Gautam Chaftedee, ChairPersoq \'IahaltlRA

    Respondent/Promoter did not aIPear
    Proiect Professionals did rrot aPPeirr.


                                                 Older (Ex-Parte)
                                                Decembcr 17, 2019



1       This is a SuGMoto matter taken uP by MahaIlERA against the Respondent's Proiect
                                                                                     Soc Ltd' which is
         'Redevetopment Of The State Bank Of India Siddheshwar Co Op Housing
         registered with MahaREltA ltegishation No. P51800010846'


                                                                                              rcgistration of
2.       On review of the ResPondent's Proiect registration, it is observcd that the Prqe't
                                                                                        o[ the date has been
         the said ptoiect has laPsed on December 31, 2017 and therca{ter, no extensi(nl
                                                                                             and DeveloPment)
         eitlrcr sought ol grantecl under the Provisions of the Real Estate (Regulation

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                                                                                      a ,,-4xa             --)
                                                                                         I           -
     AcL 201b and thc rules and regulations made rhcrcunder. l-.urthcr, the details available on the
     proiect registration wcbpage show that the Proje.t is not yet comPleted. Nioreover, the
     llespondent has not uptoaded the Annual Au.lit RePort of Statutory CA - Form 5 for t Y. 17-18
     and t-..Y. 18-19 till date as requied under the Provisions of section 4(2)(l) afld section 11(1) of the
     Real tistate (liegulation and Develop ent) Act,2016 rcad with Iiegulation 4 of lhe MahaRERA

     General I{egulations, 2017.


3    Since, there have been no online comPlaints filed with N'lahaRFlRA ir1 this proiect, as yet dlis
     matte i4'as taken up as a Suo Moto ComPlaint and the Respondent and Project Professionals,
     associated u'ith the project, were called for the hearing No one appeared for the ResPondent and
     Project Pro(essionals, associated r'vith the project jn sPite o{ service oI notice



4.   The proiect is a redevelopment Proiect of The State Bar'* Of lndia Siddheshwar Co Op ttousing
     S{x Ltd. At this stage, when the poject regishation Period has lapsed, the only !'r'av fofl,t'ald
     would be to protect the right of the allottees, which include every individual member of The State
     Banl< Of India Siddhesh$'ar Co Op Housing Soc Ltd and alt buyerc of aParhnents in the Project'

     and to enable them to form an Associatlon of allottees n'ho can take an informed decision
     regarding catrying out the balance rvork to coaplete the Proicct.


5.   ln vie&' of the aboye facts, the llespondent - OIIa Realtors Pdvate Limited, is hereby directed to
     handovelthelistofatlotteesofthesaidploje(1,atorlgwiththeilcontactdetails,toalltheallottees
     of the saLl project, atong with a copy of this ordei, and to enable the allottPes to form an
     asso{iation o{ allottees and thereaftet take an inJormed decision Pertaining to the said ptojcct'
     Thereafter. the association of allottees may Iike to procccd under Section 7/8 of the A't as per the
     MahaltERA Order no. 8/2019 dated Mar.h 29,2019.

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



7.    Coruequenlly, the matter is he!€by disPosed oI.
                                                                                            idm Chatterjcc)
                                                                                                \{dh.i{l-lltA

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