HARERA orders action against builders

Tribune News Service

Gurugram, October 29

The Haryana Real Estate Regulatory Authority (HARERA) bench headed by its chairman Dr KK Khandelwal and member SC Kush has ordered to attach the bank accounts to the extent of decretal amount of Rs 7 crore, along with the movable properties, of the Directors of Chd Developers, Ireo Pvt Ltd, Landmark Apartments Pvt Ltd, Siddhartha Buildhome Pvt Ltd, Vatika Ltd, Tashee Land Developers Pvt Ltd and Tulsiani Constructions & Developers Pvt Ltd.

It also ordered a bailable warrant against the Directors of Prime Time Infra Projects Pvt Ltd for not complying with its orders. While hearing execution petitions, the authority observed that Clarion Properties Ltd had grossly violated Section 3 of the Act by not registering the project in question with the authorities.

It also directed to issue a show-cause notice against the developer for non-registration of the project under Section 59, which states that “the promoter shall be liable to a penalty up to 10 per cent 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 of up to 3 years or with fine further up to 10 per cent of the estimated cost of the project, or both.

“The HARERA ordered to pay Rs 5 crore to the allottee for delay in handing over of possession by the promoter. Hefty cost of Rs 1,30,000 was imposed on Supertech Ltd for not filing reply within the stipulated time and the same has been paid, which will be disbursed to the allottees. 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 HARERA,” Dr Khandelwal said.