Action Against 20 Projects By MahaRERA In A Day.

Action was taken by MahaRERA against 20 projects in a single day. The actions were initiated in order to protect the rights of home buyers.

By Varun Singh

Action against 20 projects was initiated by MahaRERA in a single day. The actions were meant to protect the interest of the home buyers.

All the action were taken on February 10, 2020 on complaints filed by the secretary of MahaRERA.

MahaRERA observed that the project registrations of these 23 projects had lapsed. While for some it was March 2018, for other projects the date of lapse of their registration was May and for a few it was June.

However, none of these projects had sought or were granted any extension under the provisions of the Real Estate (Regulation and Development) Act, 2016 and the rules and regulations made thereunder.

Further the details that MahaRERA found on its website about these project registraion showed that the projects were not yet completed.

Moreover, these developers had not uploaded the annual audit report and other forms that are required under provisions of RERA read with MahaRERA General Regulations, 2017.

According to rules, every ongoing project where the developer is selling or advertising any project, land, or plot to sell has to register the project with MahaRERA.

Without a valid registration a developer cannot go ahead with the sale of his ongoing project.

“At this stage when the project regstration period has lapsed, the only way forward would be to protect the right of the allotteess (home buyers) and enable them to form an Association of Allottees, who can take an informed decision regarding carrying out the balance work to complete the project,” read the orders passed by MahaRERA in the suo-motu cases.

The developers were directed to handover the list of the allottees (home buyers) along with the their contact details to all the allottees of the project, along with a copy of the suo-motu order by MahaRERA.

The action was taken to enable the allottees to form an association of allottees and thereafter which the allottees can take an informed decision pertaining tot he project.

The Assocaition of Allottes can proceed under section 7 (Revocation of registration) or section 8. Section 8 states that upon lapse of the registration or on revocation of the registration, the Authority, may consult the appropriate Government to take such action as it may deem fit including the carrying out of the remaining development works by competent authority or by the association of allottees or in any other manner, as may be determined by the Authority.

The name of the few developers and projects against whom MahaRERA took a suo motu action includes.