BEFORE THE

              MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY
                                         MUMBAI
                         COMPLAINT NO: CC001000000000032


       Minal Bhosale
       Arul Bhosale                                                Complainants


               Versus

       M/s. ShreePrakash Creative Buildcon J.V.                    Respondent
       MahaRERA llegn.No. P51600007163


Corum: Shri. Gautam Chatte4ee, Chairpersory MahaRERA

Complainant Mr. Anil Bhosle was himself present on February 12,2018 br;l. failed to appear
on May 2, 2018.
Respondent was represented by Mr. Mrunal Pandya, Adv.


                                           Order
                                        May 4,2018


   1. The Complainants have purchased an apartment bearing No. E-52 in the Responden/s
      project 'Le Regalia Phase II BLDG E AND F' situated at Nashik via registered
      agreement for sale dated October 18,201,4. The Complainants stated that the date of
      possession as stipulated by the said agreement was |anuary 20-16, as the date of
      possession u.as 15 months from the date of the agreement. The Complainants have
      alleged that the Respondent has failed to hand over the possession of the said
      apartment within the stipulated period and therefore they be directed to pay interest,
      on delay, per the provisions of section 18 of the Real Estate (Regulation and
      Development) Act,20L6 (hereinafter referred to as tlrc said Act) and handover possession
      at the earliest.


   2. During the hearing held on February 12,2018, the authorised representative for the
      Respondent explained how the construction wotk of the project was delayed because
      of reasons which were beyond the Respondent's controi and well stipulated for in the
      said agreement. However, he submitted that the Respondent is commifting to


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   handover possession of the said apartment by June, 2018. He also submitted that
   sometime in December 2017, he had convened a meeting of the allottees of the said
   project, where a majority of the allottees were presen! explained to them the
   mitigating circumstances due to which the completion of the project work had been
   delayed and thereafter which the allottees accepted the revised timeline of June 2018
   for handing over possession.


3. Parties then sought time to amicably settling the matter.

4. Cornplainants were absent on the next date of hearing on May 2,20-18.

5. In view of the above facts, the Respondent shall, therefore, handover the possession of
   the said apartmen! with Occupancy Certificate, to the Complainants before the period

   of June 30, 2018, failing which the Respondent shall be liab1e to pay interest to the
   Complainant from July 1, 2018 till the actual date of possessio4 on the entire amount
   paid by the Complainants to the Respondent. The said interest sha11 be at the rate as
   prescribed under Rule 18 of the Maharashtra Real Estate (Regulation and
   Development) (Registration of Real Estate Projects, Registration of Real Estate Agents,
   Rate of Interest and Disclosures on Website) Rules, 2017.



6. Consequently, the matter is hereby disposed of.

                                                                         tam Chatterjee
                                                                Chairpersor; MahaRERA




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