Effective implementation of RERA by HARERA, Gurugram is buildingtrust of homebuyers.
Gurugram (Global News) In the judgments pronounced by Dr. K.K. Khandelwal, Chairman, HARERA, Gurugram in cases against various developers the Authority has maintained its continuous efforts to regularize the real estate sector by
keeping a strict vigil upon the promoters indulged in several malpractices
and mischiefs, besides punishing them rigorously, so as to achieve the aim
of a standardized real estate sector which shall work in a transparent and
an efficient manner.
The bench headed by Dr. K.K. Khandelwal, Chairman and Sh. S.C.
Kush, Member of The Haryana Real Estate Regulatory Authority, Gurugram
on 27.10.2020 has taken strict actions against various promoters in the
wake of complaints preferred by a number of allottees.
In execution proceedings against M/s CHD Developers, M/s Ireo
Pvt. Ltd., M/s Landmark Apartments Pvt. Ltd., M/s Siddhartha
Buildhome Pvt. Ltd., M/s Vatika Ltd., M/s Tashee Land Developers Pvt.
Ltd. and M/s Tulsiani Constructions & Developers Pvt. Ltd. the
Authority has ordered to attach the bank accounts to the extent of decretal
amount of Rs. 7 crores, along with the movable properties of the Directors.
An order has been made to issue a bailable warrant against the Directors of
M/s Prime Time Infra Projects Pvt. Ltd. for not complying with the
orders of the Authority. During the hearing of the matters pertaining to
execution petitions, the authority observed that the M/s Clarion
Properties Ltd. has done gross violation of Section 3 of the Act by not
registering the project in question with the Authority. The Authority
directed to issue a show cause notice against the developer for non-
registration of project under Section 59 which states that “the promoter
shall be liable to a penalty up to 10% of the estimated cost of the real estate
project” and if the promoter continues to violate the provisions of Section 3,
he shall be punishable with imprisonment for a term up to 3 years or with
fine further up to 10% of the estimated cost of real estate project, or with
Since, the promoters are indulged in unfair trade practices including
delay in handing over possession. Stringent action has been taken against
the promoter in the complaints against M/s Supertech Ltd., the Authority
has ordered to pay Rs. 5 crores to the allottee for delay in handing over of
possession by the promoter. Hefty cost of Rs. 1,30,000/- was imposed on
the promoter M/s Supertech Ltd. for not filing reply within the stipulated
time and the same has been paid, which will be disbursed to the allottees.
Thus, uplifting the trust of homebuyers in the real estate sector.
Dr. Khandelwal is of the view that such actions against the
defaulting promoters would not only help in providing an environment of
growth and development of the real estate sector but would also assist the
allottees in gaining and preserving their trust in the Authority for quick
redressal of their moans and grievances afflicted due to wrong deeds of the
promoters, who have become reluctant in completing their projects within
stipulated time frame and according to the rules and regulations laid down
in the Haryana Real Estate (Regulation and Development) Act, 2016.