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Sunday, 20 December 2020

210 unregistered real estate projects barred from selling units

Tribune News Service

Gurugram, December 19

In what may spell trouble for around 50,000 properties, 210 projects in the city have been barred from advertising, booking and selling residential and commercial units for alleged non-registration with Haryana Real Estate Regulatory Authority (HARERA).

Issuing a notice to these projects, majority of which belong to top-notch builders, HARERA has stalled all activities, seeking an explanation over not getting registered.

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KK Khandelwal, HARERA Chairman

Can't advertise

The projects cannot just sell their shops or flats, but they cannot even advertise, publicise or in any way make people book or buy their units.

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"The projects can not just sell their shops or flats, but they cannot even advertise, publicise or in any way make people book or buy their units. Many of these projects are under process while many others have got or sought completion certificates. Registration with HARERA is mandatory as per norms but many projects are not following the same despite repeated warnings," said HARERA Chairman KK Khandelwal.

As per norms, only after registration with the Authority can the projects seek completion certificates from DTCP. The majority of projects in the city have been found selling units including flats and shops without registration or even completion.

The authority said that after serving of notices, replies have started pouring in. Penalties are being imposed on basis of project cost.



from The Tribune https://ift.tt/3as0I4R

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