Maha RERA Takes Action Against 21 Developers

Published on 30 Dec 2019 by Shivi

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken suo moto action against 21 real estate developers who have not renewed their Real Estate (Regulation & Development) Act (RERA) registration, and directed them to submit the list of buyers who have booked flats in their project under Section 7 and 8 of RERA for further action.

The provisions of Section 7 and 8 of RERA enable home buyers of a project to form an Association of Allottees (AoA) and take control of the project. The association can then revoke the registration of the promoter, and work with a MahaRERA-appointed resolution panel to complete the remaining work and give possession to the buyers.

Despite summoning the promoters and in some cases the chartered accountants and architects of the projects when they remained absent, MahaRERA chairperson Gautam Chatterjee issued ex-parte orders asking the promoters to hand over the list of buyers so that further action under Section 7 and 8 could be taken. Most of these promoters had their RERA registration lapsed in 2017 or 2018 and they had not submitted the statutory forms required under RERA provisions. Many of them are redevelopment projects.

There were no online complaints lodged against them either. Hence MahaRERA took suo moto action for the first time against a large group of promoters. The regulator has used the provisions of Section 7 and 8 against only one developer so far.

File A Complaint In Maha RERA

On October 22 this year, MahaRERA revoked the registration of two companies belonging to Pune's leading developer DS Kulkarni in connection with DSK Sadaphuli project in Talegaon. Launched in March 2013 with promise of possession by November 2015, the project was delayed and was nearly 90 per cent complete when Kulkarni was arrested in February 2018 in a scam.

His arrest had stalled the construction of this 279-apartment project. One hundred and thirty-one buyers then formed an AoA under the guidance of Mumbai Grahak Panchayat (MGP) and approached MahaRERA to use Section 7 and 8 provisions to take control of the project.

MahaRERA appointed a resolution panel comprising developer Niranjan Hiranandani, president of National Real Estate Development Council (NAREDCO), and MGP chairperson Shirish Deshpande. The panel would assist the association and project's financier Tata Capital Financial Services to complete the remaining 10 per cent work with the help of the project's architect, chartered account and structural engineer.

The association will have the authority to sell unsold apartments in the project and use the money to complete it.

List of developers and their projects

  • Nikhil Builders (Saloni Exclave)
  • Shree Aryadurga Developers (Madhav Niwas)
  • Aristocrat Realty (Anantraj CHS)
  • Dhankrishna Estates (Royal Meadows)
  • Shagun Enterprises (Parishram Mulund SRA CHS)
  • XLN Realtors (Belvedere Hills)
  • SK Construction (Odhav Baug)
  • Fifthwall Builders (Prashant CHS)
  • MRK Realty (Ajmal Heights)
  • Savita Builders and Developers (Amrut Yog)
  • Mohammed Chand Hanif Shaikh (Dreams Valley)
  • Reliable Housing India (Reliable Prestige I)
  • Nine Realtors (Nine Realtors)
  • Kripa Realtors (Kripadham CHS redevelopment)
  • Star Sky Dhanlaxmi Developers (Sayba Heights)
  • Orra Realtors (SBI Siddheshwar CHS redevelopment)
  • Unispace Developers (Samruddhi CHS redevelopment)
  • Apsara Developers (New Apsara CHS redevelopment)
  • Right Channel Construction (Amesh CHS redevelopment)
  • Rishabh Developers (Palacino)
  • Haritara Construction (Kripa Prasad CHS)

Source

Tags: Complaint Under RERA 

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