BEFORE THE

             MAHARASHTRA REAL ESTATE REGULATORY ALIIHORITY
                                           MUMBAI
                        COMPLAINT NO: CC0050000000,14013


      Vallinayagam S Asari                                             Complainant




      Neptune Developers Ltd
      MaiaRERA Regn. No. P51700010102                                  Respondent


Corum:
Shd. Cautam Chatterjee, Chairperson, MahaRERA

Complainant was him.self present.
Respondentwas represented by Ms. Manisha Chandwani, Authorised representahve.


                                             Ordel
                                      September :t 1, 2018


   1. The Complainant tras purchased an apartment beadng no: 204-8 in the Respondenls
      proiect 'NEPTUNE SWARAJYA SECTOR 2- 87, 821, 822A, 8228, B22C' situated at
      Kalyan, Thane via registered agreement for sale dated August 23, 2012. The
      Complainant has alleged that the date of possession as stipulated by the said
      agreement is long over. Theiefore, he prayed that since the Respondent has failed to
      hand over the possession of the apartment within the stipulated period, they be
      directed to pay inteiest on delay, as per the piovisions of section 18 of the Real Estate
      (Regulation aj1d Development) Act, 2016 (/rereinat'ter rcferred to tts thc said Act).


   2. The authorised representative for the Respondent explained that the construction
      work oI the project could not be completed because of reasons which were beyond the
      Respondenfs conhol. However, she added, that the Respondent is now in the process

      of obtaining the occupation certificate lor the said project and will haldovet
      possession of the apartment by November, 2018, The Complainant also accePted the
      revised tirneline for possession.




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3. In view of the above facts, the Respondent shall, therefore, handover the Possession oI
   the apartment with Occupancy Certijicate, to the Complainant before the period of
   November 30, 2018, failing which the Respondent shall be liable to pay interest to the
   Complainant from Decernber 1, 2018 till the actual date of possessiorL on the entire
   amount paid by Ore Complainant to the Respondent. The said interest shall be at the
   rate as prescdbed under Rule 18 of the Maharashtra Real Estate (Regulation and
   Development) (Registation of Real Estate Projects, Regiskation of Real Estate Agents,
   Rate of Interest and Disclosures on Website) Rules, 2017.



4. Consequendy, the rnatter is hereby disposed oI


                                                                             \{alaRERA




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