IT Security Consultant Shreeram Mulay has been for a year following up with MahaRERA regarding his complaint related to the possession delay in a DSK project.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) had in November last year issued a recovery warrant notice. But because of the alleged Rs2,0911.11 crore economic fraud by D S Kulkarni and his group of firms, the complainant is not getting the recovery amounts despite frequent visits to the MahaRERA and Pune collector offices.
“All that they cite is ‘technical reasons’ for the delay in the recovery. Why can’t MahaRERA appoint officials to ensure proper follow-ups of such cases and serve the basic purpose of the Real Estate (Regulation and Development) Act, 2016?” asked Mulay, who had invested his mother’s pension amount in the project.
“My struggle began before 2018 and I am still at it,” he told TOI.
Shripad Desai from Phursungi is facing a similar situation. The project in which he had invested is incomplete for 10 years. “MahaRera is not taking actions against the faulty builder,” he said.
In Desai’s case, the builder had approached the civil court though the matter is pending with MahaRERA. “This has led to unnecessary litigations. A common man has to fight a battle both in the civil and MahaRERA courts,” he said, adding that MahaRera should speed up execution of orders and adjudicate cases within 60 days.
Mulay, along with several investors affected by the DSK case, has been stressing faster execution of their pending cases. “Why should MahaRERA not execute order as per section 40(1) of the Real Estate (Regulation and Development) Act, 2016?,” said Mulay, who got a refund order in his favor after eight hearings.
The affected investors said MahaRERA had posted a circular on the wall of its Pune office, indicating that they would look into the matter and take “positive steps” under section 7 of Real Estate (Regulation and Development) Act, 2016. “Six months have passed since then, but nothing has happened,” Mulay said.
MahaRERA officials, when contacted on February 6, were unavailable for comment. A senior MahaRERA official had last month told TOI that once a recovery warrant notice was issued, it was up to the collectorate to take the action.
Officials in the collectorate said they could not attach properties that have the mutation extracts, and not property cards. “We have written to MahaRERA on the issue,” a revenue official said.
Nisha Nambiar, Economic Times, Pune
Source : https://content.magicbricks.com/property-news/pune-real-estate-news-industry-news/home-buyers-demand-fast-execution-of-rera-orders/104522.html