The promoter had applied for deregistration on 26 August 2024, apparently seeking to exit the RERA regulatory framework for the 288-unit project originally registered on 29 July 2017. Chairperson Manoj Saunik, in an order dated 10 March 2026 (after hearing the matter on 21 November 2025), not only dismissed the application but also imposed a ₹20,000 cost on the promoter for non-compliance with earlier directions.

Why MahaRERA Said “No” – The Critical Loopholes Exposed

For any project to be deregistered, the promoter must satisfy the Authority that every single allottee’s claims have been fully addressed and settled with no prejudice to homebuyers. Guardian Landmarks LLP failed this test spectacularly because of glaring inconsistencies and missing disclosures:

1. Wildly Contradictory Booking Numbers
   • The project webpage (manually updated by the promoter) showed 83 units booked out of 288.
   • In the deregistration application, the promoter claimed only 80 units.
   • A declaration uploaded by the same promoter on 26 December 2022 (in response to an earlier show-cause notice) admitted 370 bookings had been received, of which 336 were cancelled and refunded, leaving 34 active bookings as on that date.
   These three different figures for the same project created complete confusion about how many homebuyers had actually invested and whether all of them had received their money back.
2. Zero Compliance on Mandatory Sold/Unsold Inventory Declarations MahaRERA requires promoters to upload quarterly details of sold and unsold flats. The promoter in this case had never filed even one such declaration since registration in 2017. This is not a minor technical lapse — it is the basic transparency tool that tells the Authority and buyers exactly who has booked what and whether any allottee remains unsettled.
3. Complaints Status Five complaints were filed against the project. Four have been disposed of with settlements. The promoter claimed the fifth (CC005000000137166) was also settled via a cancellation deed, but the overall lack of clear records made it impossible for MahaRERA to verify that no homebuyer was left in the lurch.

The Authority observed that “the particulars placed on record do not present a consistent or reliable account of the bookings… The Authority cannot proceed in ignorance of such material facts.”

What This Means for Homebuyers

This order is a textbook example of how RERA works as a shield. If deregistration had been granted on the basis of the messy, contradictory data submitted by the promoter, any unresolved allottees could have lost their statutory rights — no more quarterly updates, no easy complaint filing, and potentially no refund or possession remedies under the Act.

Instead, MahaRERA has kept the project firmly under its watch. The promoter has now been directed to:

• Update all project details and upload complete sold/unsold declarations with supporting documents.
• Pay the ₹20,000 cost within 30 days.
• Only then can it file a fresh “restoration application” for reconsideration of deregistration.

Until then, Guardian Wind Shire Phase 1 remains a registered RERA project, and homebuyers continue to enjoy full statutory protection.

The order once again underscores MahaRERA’s firm stance: promoters cannot cherry-pick when to follow rules or exit the system without complete transparency. For homebuyers in stalled or delayed projects across Maharashtra, this is a clear message — discrepancies in records will be caught, and attempts to slip out of RERA oversight will not succeed.

Also Read: MahaRERA Orders Refund Paid for Seven Flats in Godrej RKS Project

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