MahaRERA earlier last week cancelled the registration of 49 projects within the jurisdiction of Kalyan Dombivalu Municipal Corporation.

The reason behind this move is that the KDMC had informed MahaRERA that commencement certificates (CCs) of these real estate projects were not issued by it.

An order dated November 7, uploaded on the MahaRERA website under the suo-motu decision by the authority this decision came to be known to public.

MahaRERA has been hearing a matter concerning 54 real estate projects and during the last hearing MahaRERA passed an order were it cancelled the registration of 49 projects.

In the suo-motu cases taken up by MahaRERA against all the Promoters was pursuant to the allegation of submitting a false / fake
commencement certificate (CC) with regard to MahaRERA Project Registration.

On October 28, a physical hearing was held where the Advocate stated that earlier also he had sought time, the advocate stated that there is a criminal complaint which has also been filed against his clients and the same is under investigation before the Thane crime branch. The Advocate further stated that since a criminal investigation is pending in the matters and that they are being summoned by the Police for investigation purposes, no precipitatory action should be taken in these matters till then. The Advocate pleaded that these matters be kept in abeyance till the outcome of the criminal investigation.

MahaRERA in its order has stated, that as per section 4 of. the said Act every Promoter who seeks registration of his
real estate project is mandated to make an application to this Authority in such form, manner, within such time and accompanied by such fee as specified by the regulations made therein and also enclose the documents such as a brief details of the enterprise of the Promoter, a brief detail of the projects launched by him (in the past five years, whether already completed or being developed), an authenticated copy of the approvals and commencement certificate from the competent authority obtained in
accordance with the laws as may be applicable for the real estate project, the sanctioned plan, layout plan and specifications of the proposed project, etc.

MahaRERA also stated that vide letters dated August 17, the Assistant Director, Town Planning office of Kalyan Dombivali Municipal Corporation (KDMC) informed MahaRERA that the above-mentioned CCs submitted while seeking MahaRERA Project registration of the above-mentioned Projects has not been issued by the office of KDMC. Thus, it appears that the above-mentioned CCs have been obtained by means that are suspect. Further, it is also brought to the notice of this Authority that an investigation into this issue is also pending before the Thane crime branch against the Promoters of the above-mentioned
Projects.

The order said the authority had powers under section 7 of the RERA Act, 2016 of revoking the registration of MahaRERA projects if the promoter (developer) was indulging in any kind of unfair practices.

“In the present case of not obtaining the CCs from the Competent Authority and misrepresenting to this Authority as well as the allottees / home buyers and collecting money through misrepresentation and taking the bookings in the above-mentioned MahaRERA registered projects can be said to be unfair or deceptive practice,” the order said., which has been signed by MahaRERA Chairperson Ajoy Mehta and Member Mahesh Pathak.

And thus MahaRERA ordered the cancellation of the registration of all the 49 projects. So when you are planning to buy a home in KDMC it is better that you read the order at this link.

Also Read: KDMC residents Read this before you invest in these 52 projects

You May Also Like

Mumbai MMR Housing Boom: Sales Value Soars 11%, Transactions Surge 5% in Q4 2024

Mumbai’s housing market continued its upward momentum in Q4 2024, with a significant 11% rise in registered home sales value and a 5% increase in transactions. Led by major developers like Lodha Group and Godrej Properties, the market benefited from growing infrastructure projects and a surge in high-value property investments.

MHADA features Prominently in MahaRERA’s Expired Projects List

Believe it or not but more than half a dozen Projects belonging…

Builders to provide opportunity to Agniveers

Builders Association of India (BAI) Supports Agneepath Scheme. Agniveers to be provided…

Arkade Developers Raises ₹122.40 Crore Ahead of IPO

Arkade Developers Ltd has successfully raised Rs 122.40 crore from anchor investors in advance of its initial public offering (IPO). The company has set a price band of Rs 121-128 per share for the Rs 410-crore IPO, which will be open for public subscription from September 16 to September 19. The raised funds will be used for ongoing and future real estate projects, acquisitions, and general corporate purposes.