MUMBAI: Bollywood producer Vashu Bhagnani’s company, Pooja Devcon, has been penalised by Maharashtra Real Estate Regulatory Authority (MahaRERA) for not registering a real estate project with the regulator.
The firm in question, set up in 2000, is in the name of Vashu Bhagnani’s wife Pooja Bhagnani. The husband and wife are directors in the company which is carrying out a residential project at Linking Road, Khar.
The fact about the project not being registered with the authority came to light when Nitin Matlani, the complainant, was pressing for possession of his apartment. According to Matlani, he realised that the project is not registered with MahaRERA only after he started getting into the details.
In his complaint, Matlani submitted that the construction of the building is delayed and that he has not yet received possession of the flat. He sought certain relief.
No representation was made at MahaRERA on behalf of Pooja Devcon. Matlani was represented by advocate Mithil Sampat.
Mumbai Mirror sent an email to Pooja Devcon for comment but did not get a reply.
Ajoy Mehta, Chairperson, MahaRERA, observed that “From the submissions made by the complainant hereinabove, it is clear that the said project is an ongoing project and thus falls within the ambit of Section 3 of the said Act.”
As per Section 3 of the Act, the promoter cannot advertise, market, sell or offer or invite anyone to purchase any plot, apartment and building without registering the project as per the provisions of RERA.
There are certain exceptions stated, for example, those projects that had received Occupation Certificate or Completion Certificate when the Act came into force.
In case of violation, the promoter is liable to pay a penalty of up to 10 per cent of the estimated cost of the real estate project.
After going through the arguments and merits of the complaint, MahaRERA Chairperson observed that it is an ongoing project and requires to be registered within 30 days. The MahaRERA barred the company from marketing, advertising or selling any component of the project without obtaining a MahaRERA registration
number and levied a penalty of Rs 50,000.
Mehta directed Pooja Devcon to pay the penalty of Rs 50,000 for the violation and register the project within 30 days from receiving requisite approvals to undertake the project.