MahaRERA Virtual Hearing Case: Ensuring RERA Compliance for F. Residences Ghatkopar Projects

In a recent virtual hearing conducted by the Maharashtra Real Estate Regulatory Authority (MahaRERA), a significant case regarding RERA compliance was discussed. The case, numbered 299 of 2023, involved two projects named F. Residences Ghatkopar - Wing A and B, and F. Residences Ghatkopar - Wings C, D, E, and F. The promoters of these projects, Arihant Realtors, represented by partners from the Ashapura Group and Arihant Group, were present during the hearing. The primary issue addressed was the provision of login credentials to ensure compliance with the Real Estate (Regulation and Development) Act, 2016 (RERA).

Background of the Case:

Arihant Realtors, classified as a promoter/developer under the RERA Act, had registered the aforementioned projects under Section 5 of the Act. The promoter firm consisted of eight partners from the Ashapura Group and Arihant Group. The case was listed to resolve the limited issue of providing login credentials for RERA compliance.

Virtual Hearing Proceedings:

The virtual hearing took place on May 15, 2023, and the authority recorded the following proceedings:

1. Arihant Group's Submissions: The advocate for the Arihant Group, representing the promoter, highlighted the background of the matter and the necessity of accessing the login credentials. They emphasized that the login credentials were required to update records and ensure compliance with various RERA regulations. Additionally, they mentioned that an arbitration interim order restrained the other party from obstructing project completion. Allottees were also mentioned as stakeholders in the projects.
2. Ashapura Group's Submissions: The advocate for Chetan Bhanushali and Pravin Chamaria from the Ashapura Group requested an opportunity to clarify their position to prevent baseless allegations. They stated that they had handed over the login credentials to the promoter firm, the subject of the proceedings. They also expressed the need to present their statement in writing.

Written Submissions and Remaining Issue: Both the Arihant Group and the Ashapura Group filed their written submissions. The Ashapura Group provided the login credentials, indicating their willingness to share them with the Arihant Group. However, the Arihant Group denied receiving the credentials. The primary remaining issue was to ensure that the Arihant Group received the login credentials for the respective projects to maintain RERA compliance.

Final Order:

The final order, signed by Mahesh Pathak, Member 1, MahaRERA, and Ajoy Mehta, Chairperson, MahaRERA, stated the following:

1. The Ashapura Group, as the partner promoter, must ensure that the Arihant Group receives the login credentials within two weeks from the date of the order.
2. The Ashapura Group is required to confirm to the authority that they have handed over the login credentials.
3. The Arihant Group must confirm the receipt of the login credentials.

Conclusion:

The MahaRERA virtual hearing, case number 299 of 2023, addressed the critical issue of providing login credentials to ensure RERA compliance for the F. Residences Ghatkopar projects. The order emphasized the responsibility of the Ashapura Group, as the partner promoter, to deliver the credentials to the Arihant Group within a specified timeframe. This ruling aimed to facilitate project progress and compliance with RERA regulations.

Note: The information provided in this article about Maharashtra Real Estate Regulatory Authority (MahaRERA) is for informational purposes only. It is not intended as legal or professional advice and readers should consult qualified professionals for advice specific to their circumstances. The information provided in this article is based on the SUO-MOTU CASE NO. 299 OF 2023 before the Maharashtra Real Estate Regulatory Authority

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