REFORE THE

                      MAI IARASIITRA RF]AL ESTATE REGULATORY AU'I'I IORI'IY
                                                NlUN'BAI



                                   SUO N1OTO CASE NO, 26 OF 2019



     Secretary, Maharashka Real Esta te Regulatory Autho.it-v     ..      ComPlainant




     Kripa RealtoIs                                                       Respondent / I)romotrr


     O. K. Malpani & Associates (Chartered Accountant)

     B. R. Candhi & Associates (Proied Architect)
                                                                          Projcct Prr)f essionals


     MahaRERA registration no: P518fi)0(3153

     Corum: Shri. Cauta Chatteiee, ChalPerson, N{ahaREitA

     Respondent/ I'romotL, did not apPear
     Proiect prcfessionals did not aPPear.


                                             Order (Ex-Parte)
                                             i)e.cmber 17,2019



l.   Thisi-6aSuo-MotomattertakenuPb)'MahaRERAagainsttheResP('ndcnt'sPro'ect
     'Redevelopmcnt Of Kripadham C1IS Ltd' r rhich is registered *'ittr
                                                                        MahaREttA Registration

     No. P51800013163.


                                                                               thc Proiect rel"istratio'l
2.   On rcview of the liesPondent's Project registration, it is obsen'ed that
                                                                          no extcnsi(,ll of thc datc has
     of the said project has lapsetl on Decembe'r 31, 2017and thereaiter'
                                                                               Lstat'r (Ite8ulation and
      been either souP,ht or gmnteil uflder the Provisions of the Real

                                                     112


                                                                             ld, -4L-               --t
                                                                                 I
     Development) Act, 2016 and the rules and regulations made thereuncler' Fluther, the details
     available on tlrc proiect rcgistration rtcbPage sho$' that the Project is not yet completed.
     Moreover, Lhe Respondent has not upioaded the Anlrual Audit RePort of Statutory CA - Form
     5 for llY. 17-18 and F.Y. 18-19 till date as required under the Profisions of section 4(2X1) and

     $edion 11(1) of the Real Estate (Regulation and Development) Act, 2015 read u'ith Regulation
     4 oI the N4ahaREltA General Regulations, 2017.



3    Since, tht're have l,een no oriline complaints tiled r,''ith MahaRRRA in this Project, as ycL this
     matter was taken up as a Suo Nloto ComPlaint and the ResPondent and Proiect l)roIessional5,
     associated lvit]l the proiecl., were callcd for the hearing. No o e appeared for the Respondent

     and koiect Professionals, associated with the Project in spite of service of notice.


4    The proiect is a redevelopment Proiect of KriPadham CHS Ltd. At thG stage, when thc Proiect

      registralion peiiod has lapsed, the onty wa-Y for$'ard would be to Protcrt &e right of the
      allottecs, whth in!'lude every individual member of KdPadharn Cl IS I.td and aII buvers of
      apartments in the project, and to enable them to lorm an Association of allottees who can
      talc an inJormed tlecision regarding carrying out the balance work to .omPlete the proiect'


      In vicw of the above f.rcts. the llesPondent - KriPa Reattors, is hereb.v dlected to handover
      the list of allottees of the said proiect, along u'ith their contact details, to all the alloitees ol tle

      said project, atong with a coPy oI this order, and to erable the allottees to Iorm an association

      of allottees and thereafter take an inlormed decision pertaining to the said Prgect Thereafter,
      the association of allottees firay like to pro.eed under Section Z8 of the Act as Per the
      MahaRERA Order no. 8/20'19 dated March 29, 2019.


6.   'lhe Respondent is d ected to uPload the Annual Audit RePort of Statutory CA t-orn 5 for
      F.Y. 17-18 and F.Y. 1&19 $rithin 15 days ftom the date of this Order.



     Consequentiy, the matter is heleby disposed oJ.

                                                                                               t],r6=-            v
                                                                                        (Ga tam Chaaterjee)
                                                                                  Chairperson, MahdRERA
                                                        2/2