HRERA cracks whip against defaulting developers

Tribune News Service

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Chandigarh, October 28

The Haryana Real Estate Regulatory Authority (HRERA), Gurugram, has ordered strict action against various promoters in the wake of complaints made by a number of allottees.

In the judgments pronounced by HRERA chairman Dr KK Khandelwal and member SC Kush on Tuesday, the real estate body has ordered attaching bank accounts and properties of defaulters.

In the 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 HRERA 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.

The HRERA also ordered issuing of 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 M/s Clarion Properties Ltd had done gross violation of Section 3 of the Act by not registering the project in question with the HRERA.

It 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 of 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 both.

Meanwhile, stringent action has been taken against the promoter in the complaints against M/s Supertech Ltd. The HRERA has ordered the promoter to pay Rs 5 crore to the allottee for delay in handing over of possession.

A hefty cost of Rs 1,30,000 was also imposed on M/s Supertech Ltd for not filing reply within the stipulated time and the same has been paid, and the amount will be disbursed to the allottees. Thus uplifting the trust of homebuyers in the real estate sector.

Dr Khandelwal observed 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 HRERA.