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Property Related Laws Maharashtra Ministry of Housing and Urban Affairs Real Estate (Regulation and Development) Act, 2016

The Maharashtra Real Estate Regulation Authority has issued an Order regarding extension of validity of the project registration under Real Estate (Regulation and Development) Act,2016

15-May-2023 | Order No.40 A/2023

The Maharashtra Real Estate Regulation Authority has issued an Order regarding extension of validity of the project registration under Section 7(3) of the Real Estate (Regulation and Development) Act,2016

By virtue of the Order, it has been stated that the documents to be submitted by promoters while complying with the procedure stated in Order No.40/2022 dated 27.12.202 shall be as stated in Annexure 'A' which are as following:

1.Application for extension of validity shall be made in Form 'E' as provided in Rule 7(1) of the Rules.
2.The consents as may have been obtained from the allottees shall be submitted in Format-B as per Circular No. 28 of 2021 dated 08.03.2021.
3.Promoters shall on their letterhead submit the reasons in detail why the required percentage of consents from the allottees could not be obtained as well as list the efforts taken by them for obtaining the same along with the reasons why the application for extension should be considered without the required 51 % consent from allottees.
4.The promoter shall submit a Notarized Declaration stating That the grant of extension of the project validity shall not affect or jeopardize the rights accrued in favour of the allottees who have booked their plot, or unit or apartment or building in the said project for which extension of project validity is sought.

please refer the attached document for more details

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