Mumbai: MahaRERA restrains developer from selling Byculla project

Lodha Group’s Macrotech Developers has been asked by the Maharashtra Real Estate Regulatory Authority (MahaRERA) to suspend advertising, marketing, sale, offer for sale and invitation at its Byculla project

Ateeq ShaikhUpdated: Saturday, December 10, 2022, 02:15 AM IST
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MaHaReRa | File photo

Mumbai: Lodha Group’s Macrotech Developers has been asked by the Maharashtra Real Estate Regulatory Authority (MahaRERA) to suspend advertising, marketing, sale, offer for sale and invitation at its Byculla project

Lodha Bellevue. In September, a similar restraining order was passed against the developer for its Lodha Mahalaxmi-Signet.

The restraining order was passed by MahaRERA Member Mahesh Pathak when Urban Infrastructure Trustees and Urban Infrastructure Venture Capital Fund moved the forum against Macrotech Developers (formerly Lodha Developers) and Money Magnum Nest.

The complainant filed the petition seeking revocation of MahaRERA registration number towards the project, which is the second project marketed by the respondent. The argument recorded by the regulator in its order on Nov 18 reads, “It has been stated that the respondent has obtained the first registration from MahaRERA… by fraud by wilfully uploading a false commencement certificate... It has informed MahaRERA not to grant any new registration to the respondent… for the second project, which is nothing but the extension of the first project...”

As per the complainant, “since the sales of the second project have been made by using the first project, all the irregularities, illegalities and frauds of the first project should be considered as part of the second registration and the decision by the MahaRERA ought to be passed accordingly”.

Macrotech Developers has argued that the complaint is not maintainable. However, the regulator observed that it had “noticed that the present complainant had earlier filed one complaint before MahaRERA against these respondents seeking revocation of another project…Lodha Mahalakshmi-Signet”. In that complaint, similar issues/ objections had been raised.

In the earlier complaint, in Sept, MahaRERA Chairperson sought similar facts and had taken a decision stating that the complainant has no locus standi to file a complaint before MahaRERA and hence the complaint was dismissed being not maintainable under RERA.

However, as the complainant has alleged that this project is an extended part of the first project, MahaRERA Secretary has been directed to club them after scrutinising all relevant documents submitted by Macrotech Developers.

MahaRERA Member Mahesh Pathak ruled, “Till then this project registration shall be kept in abeyance and the respondent promoter is restrained from any advertisement, marketing, booking, selling or offer for sale, or invite person/s to purchase in any manner any apartment in this project.”

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