MahaRERA after cancelling the registration of 49 real estate projects in the jurisdiction of Kalyan Dombivali Municipal Corporation has cancelled the registration of 15 realty projects.

In the order MahaRERA has mentikoned that in a suo-motu case taken up by MahaRERA against all the 15 Promoters was pursuant to the allegation of submitting a false / fake commencement certificate (CC) for the registration of the projects with the authority.

MahaRERA cancels registration of 15 projects in KDMC
MahaRERA cancels registration of 15 projects in KDMC

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.

Finally MahaRERA in an order signed by Chairman Ajoy Mehta and Member Mahesh Pathak.cancelled/revoked the registration of the 15 projects.

All the 15 promoters are now restrained not to advertise, market, book, sell or offer for sale, or invite persons to purchase in any manner apartment or building, as the case may be, in these 15 projects or part of it.

Also Read: 49 Projects in KDMC area lose MahaRERA Registration for Fabricating CC

You May Also Like

Hyderabad’s Residential Market Sees Strong Growth: 7% Increase in Transactions and 20% Surge in Sales Value for July-September 2024

Hyderabad’s residential real estate market showed robust growth in the July-September 2024 quarter, with a 7% increase in transactions and a 20% rise in sales value. The city’s housing market remains strong, driven by rising demand for well-connected properties, especially near key IT hubs and the Outer Ring Road. Developers like Aparna Constructions and Prestige Group lead the charge in this expanding market.

Godrej Properties acquires 7-acres land parcel in Bengaluru’s Indiranagar extension

Godrej Properties Ltd, today announced that it has acquired a land parcel…

The top 3 Real Estate Agents to Pass MahaRERA exam are Women

2812 Real Estate Agents out of 3110 successful who appeared for the…

Robust Investments Bolster Warehousing & Logistics Sector in 2024

The Indian warehousing and logistics sector witnessed a remarkable investment surge in 2024, reaching USD 1.96 billion. Driven by quick commerce expansion and infrastructure growth, the sector also saw record absorption of 44.9 million sq. ft. Mumbai and Pune emerged as the biggest gainers, while NCR faced a significant decline.