Tag: rera-haryana

The Haryana Real Estate Regulatory Authority (H-Rera) has ordered forensic audits of all five affordable housing projects by developer Mahira Group in sectors 63, 68, 95, 103 and 104.

The move comes after reports on alleged gross irregularities by the developer in procuring licences for these projects.

The department of town and country planning (DTCP) blacklisted the company, its directors and shareholders last month.

According to a DTCP order, the developer fabricated bank guarantees and forged signatures of bank officials on the documents submitted to the department for procuring the licences of its affordable housing projects.

Now, H-Rera has appointed an executive monitoring engineer to conduct the probe and directed Mahira to submit documents.

In an order, KK Khandelwal, the chief of the Gurugram H-Rera bench, said his officials visited the sites of these projects and submitted a report about their progress and the physical status of construction.

The report claimed that the construction at site doesn’t seem commensurate with the payments collected from buyers and the developer didn’t submit quarterly progress reports of the projects as well.

Taking action on the complaints, the authority directed the company to furnish details including total amount collected from allottees so far, work done on site, bank accounts where the payments were received, withdrawal from the accounts and annual audit reports of last two financial years within seven days (June 6).

The replies submitted by the developer, however, were found to be not in order, so H-Rera on May 28 restrained the promoter from withdrawing from the project account and from creating any third-party rights by way of mortgage/loan.

“The authority further ordered forensic audit of the project account and fixed audit fees of Rs 50,000 to be paid by the developer and appointed Rera executive monitoring engineer JS Sindhu for conducting the enquiry. The authority further directed the developer to produce books of accounts and documents related to loans, funds diverted to other accounts, allotment of units, amount collected from the allottees from sale of units and other related documents required by the enquiry officer,” said an official. Despite efforts by TOI, the developer could not be reached and its office did not respond to calls and messages.

Source: https://timesofindia.indiatimes.com/city/gurgaon/haryana-rera-orders-forensic-audit-of-5-affordable-housing-projects/articleshow/92242191.cms?from=mdr

With the Haryana Real Estate Regulatory Authority (H-Rera) inking a memorandum of understanding (MoU) with technology firm Jupitice Justice Technologies on Thursday for digitalization of complaint redress system, aggrieved homebuyers can hope for a quicker resolution of disputes with developers.

The Chandigarh-based company, officials said, will design and develop a digital Rera court to enable all its stakeholders to execute and perform end-to-end Dispute Resolution Mechanism (DRM) online from the comfort of their home or office. KK Khandelwal, the chairman of H-Rera, Gurgaon, said the company will offer technical expertise to the authority to facilitate dispute resolution and delivery of justice in a simpler, quicker, safer and transparent manner under the pilot project.

“The authority will use the digital court to conduct end-to-end proceedings for easy and effective dispute resolution for the disputants and other stakeholders involved in the process,” Khandelwal said, adding that the user will be provided with end-to-end abilities to plead and conduct all proceedings under the quasi-judicial mechanism, from filing disputes to decision making, all the platform.

Another H-Rera official said the pandemic has speeded the adoption of digital technologies in the past couple of years. “Now, the consumers need not visit the Rera office for their case proceedings,” Khandelwal added.

Raman Aggarwal, the founder and CEO of Jupitice Justice Technologies, said with this partnership, the authority can support large, scalable and evolving needs of the complainants/disputants in the real estate industry for enhanced access, quick and inexpensive settlement of commercial disputes by leveraging new age technologies, such as artificial intelligence (AI) and Blockchain. The digital Rera court, Aggarwal said, will also support AI-enabled self-representation, while all the useful documents related to respective cases will be secured through the Blockchain-enabled digital locker.

Source: https://timesofindia.indiatimes.com/city/gurgaon/soon-rera-to-kick-off-digital-court-for-redress-of-disputes/articleshow/89027375.cms

Taking suo motu cognisance of ‘illegal Gurgaon: Taking suo motu cognisance of ‘illegal advertising’ of unregistered real estate projects, the Haryana Real Estate Regulatory Authority (H-Rera) has imposed a penalty of Rs 4 crore on three developers.

H-Rera chairman KK Khandelwal said the Authority imposed a penalty of Rs 2.5 crore on M3M Pvt Ltd on Wednesday for advertising boutique floors at its project in Sector 89. An additional penalty of Rs 50 lakh was imposed on the realtor for another project, Smart World Floors in Sector 61.

“Along with this, a fine of Rs 50 lakh each was also slapped on two other developers, Smart World Developers and Suposhaa Realcon, who are M3M’s partners in the Smart World project,” he added.

TOI reached out to M3M for a comment but didn’t get a response.

Khandelwal said a malicious trend of advertising real estate projects without prior registration with the authority has been observed amongst developers. “It has been found that promoters are getting unregistered projects advertised, either directly or through agents, to lure investors,” he said.

According to the Real Estate (Regulation and Development) Act, 2016, which came into force on May 1, 2017, promoters are required to register projects before advertisement, marketing or sale of any plot, apartment or building in any real estate project, the H-Rera chief said.

“The strict action of the Authority will send the right signals to erring builders and will go a long way in reposing the faith of allottees in the real estate sector. Such strict action will also act as a deterrent for the other builders who remain non-compliant towards the Act of 2016 and the directions passed by the Authority as per the provisions of the Act,” said an H-Rera official.

The H-Rera chief said these developers have been advertising their unregistered projects despite several directions. Members of the Authority, including Sameer Kumar and Vijay Kumar, took a serious view of the issue and expressed displeasure and dissatisfaction on such “unprofessional conduct” of the developers and observed that such developers should be meticulously punished for violations, Khandelwal added.

In January, H-Rera had imposed a penalty of nearly Rs 2.3 crore on three builders and ordered MCG to demolish the unauthorised structures they had built for advertising and selling projects without registering them under the Rera Act.

Source: https://timesofindia.indiatimes.com/city/gurgaon/h-rera-fines-3-developers-rs-4-crore-for-illegal-advertising/articleshow/87007240.cms

A month after the Gurgaon police registered a case against city-based Raheja Developers for poor construction quality of Raheja Vedaanta on the complaint of the department of town and country planning, the repair work at the Sector 108 residential society is far from complete. A senior town planner is supposed to monitor the repair work before a team from IIT-Delhi certifies the same.

Haryana Real Estate Regulatory Authority (H-Rera) has now directed the developer to submit an affidavit by September 20 with details of the repairs done in the society to date and how the realtor plans to complete the remaining work. The real estate regulator is of the view that sufficient time has been given to the developer, TOI has learnt.

The society’s RWA highlighted that water seepage was taking place not only from the two basement floors but also from the expansion joints on the ground floor, and the need for urgent remedial measures. On the facade of the building, the developer will have to take immediate action for interim safety like installation of safety nets.

According to the RWA, the developer tried to shift the blame on the association saying they did not maintain the structure properly. “Till now, all the infrastructural assets have not been handed over to the RWA. Even the basic structural drawings of the buildings are yet to be given to the RWA,” said Gautam Sen, president of Vedaanta RWA.

When contacted, the developer refused to comment.

Spread across 10.68 acres of land in Sector 108, the developer got a licence for the residential group housing society in 2007 from DTCP. Construction work at the project site started in 2008 and the developer started giving possession to homebuyers from 2014. The issues regarding structural issues have been raised by the residents since 2018. The DTCP got the FIR lodged against the developer in August.

Source: https://timesofindia.indiatimes.com/city/gurgaon/rera-demands-affidavit-from-developer-on-repair-work/articleshow/86129733.cms

Haryana Real Estate Regulatory Authority (HRERA), Gurugram has imposed a penalty of Rs 2.25 crore on three builders, besides ordering demolition by the Municipal Corporation of Gurugram of unauthorised construction. The action has been taken against the builders for advertising and selling their projects without getting them registered under the RERA Act.

The orders were passed by K K Khandelwal, chairman, HRERA, Gurgaon for violation of Section 3 (1) of the Real Estate (Regulation and Development) Act, 2016 by SPS Homes Builders and Developers, Vistaar Group and Royal Infra Buildtech. They have been asked to pay penalty of Rs 1 crore, Rs 75 lakh and Rs 50 lakh, respectively. MCG commissioner has been asked to demolish the unauthorised construction.

The main allegation against these builders was that they were advertising/marketing and selling apartments in their projects; SPS Homes (Sector 30), Saffron Homes (Sector 67) and Royal Homes (Sector 39) respectively through online portals and indulging in unauthorised construction.

The Real Estate (Regulation and Development) Act, 2016, which came into force on May 1, 2017, states that promoters are required to register the project before advertisement/marketing/selling of any plot, apartment or building, as the case may be, in any real estate project.

The authority had taken serious view of the malpractices being carried out by promoters without getting their real estate projects registered with H-Rera, Gurugram.

“Strict action of the authority will send the right signal to errant builders and go a long way in reposing faith of the allottees. Such strict action will also act as a deterrent for other builders who remain non-compliant towards the Act and the directions passed by the authority ,” said an official.

The RERA Act was enacted for regulation and promotion of the real estate sector and to ensure sale in an efficient and transparent manner to protect the interests of consumers.

Source: https://timesofindia.indiatimes.com/city/gurgaon/h-rera-fines-3-builders-rs-2-25cr-tells-mcg-to-demolish-illegal-structures/articleshow/80519339.cms

Chandigarh

Acting tough, the Haryana Real Estate Regulatory Authority has penalised several colonisers for indulging in malpractices.

The RERA bench, headed by its Chairman K.K. Khandelwal and member S.C. Kush, on Tuesday took action against the promoters of various companies in the wake of complaints by allottees.

In proceedings against CHD Developers, Ireo Private Ltd, Landmark Apartments Private Ltd, Siddhartha Buildhome Private Ltd, Vatika Ltd, Tashee Land Developers Private Ltd and Tulsiani Constructions and Developers Private Ltd, it ordered attachment of the bank accounts to the extent of Rs 7 crore along with the movable properties of their directors.

An order has been given to issue a bailable warrant against the directors of Prime Time Infra Projects Private Ltd for not complying with the orders of the authority.

During the hearing pertaining to execution petitions, the authority observed that Clarion Properties Ltd has committed a gross violation of Section 3 of the Act by not registering its project with the authority.

It 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 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 for a term up to three years or with fine further up to 10 per cent of the estimated cost of real estate project, or with both.

Stringent action has been taken against the promoter in the complaints against Supertech Ltd, with the authority ordering it to pay Rs 5 crore to the allottee for delay in handing over of possession by the promoter.

A hefty cost of Rs 130,000 was imposed on Supertech Ltd for not filing reply within the stipulated time and the fine has been paid, which will be disbursed to the allottees.

Khandelwal, in a statement, said that such actions against the defaulting promoters would not only help 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.

Source: https://realty.economictimes.indiatimes.com/news/regulatory/haryana-rera-penalises-several-realtors-for-malpractices/78914563

The Gurugram bench of Haryana Rera on Friday issued a notice to blacklist and debar a real estate company, Empire Realtech, and its promoter CHD Developers from launching any new project till ongoing ones are completed. It’s the first time the regulator has taken such a tough measure as delays in delivery of homes have turned into a chronic problem both in the city and other parts of NCR’s struggling but massive real estate sector.

CHD Developers had launched a housing project under Empire Realtech in 2011 – 106, Golf Avenue in Sector 106 – with a promise to offer possession by December 2016. The homes have, however, not been delivered yet. The promoter intimated the revised date for completion to H-Rera as June 30, 2021 at the time of registration in 2016. “But keeping in view the present situation of funds and stage of construction, there is every likelihood of further delay of the project,” observed the bench comprising chairman KK Khandelwal and members SC Kush and Samir Kumar while deciding to issue a notice asking why the company should not be blacklisted and debarred from launching new projects till it completes existing ones.

“The quarterly progress reports have not been submitted by the developers (as required under Rera rules) either,” Khandelwal said. The notice asks why penal proceedings should not be initiated and a penalty that may be up to 5% (Rs 28 crore) of the project cost should not be imposed. “The promoter has been asked to submit a mitigation plan for completion of the project within a month in consultation with the association of allottees. The authority has also given an option to the association of allottees on taking over the project for its completion,” Khandelwal added.

There are 642 units in the project, of which 600 have been sold. Nearly Rs 500 crore has been collected from homebuyers. The promoter has also taken a loan of Rs 150 crore, of which Rs 36 crore is outstanding. The bench said since the promoter had not opened a separate Rera account for the project, instalments paid by homebuyers were received in the bank’s escrow account, and the money deposited in the account was taken away by the lender against the loan. Consequently, there were no funds left for construction.

Source: https://timesofindia.indiatimes.com/city/gurgaon/h-rera-serves-first-debarment-notice-toughens-stance-on-housing-delays/articleshow/78836639.cms

RERA Haryana

Terming such schemes as “fraud”, the authority said SEBI has already declared “assured returns” as illegal Ponzi schemes.

GURUGRAM: Haryana Real Estate Regulatory Authority (H-Rera) is going to issue notices to developers who are trying to lure people to invest in their residential and commercial projects, promising “assured returns”.

To lure people to invest in their real estate projects, many developers are offering “assured returns” schemes, in which investors in residential projects are assured of a fixed rental income, while in commercial projects, those assured returns go up to as much as 12%.

“It has come to our notice that many real estate firms are trying to lure investors through “assured returns” schemes, which is basically a financial scam promising very high returns,” said Gurugram H-Rera chairman K K Khandelwal, adding the body is preparing a list of such companies for criminal action by the authority.

Source: https://economictimes.indiatimes.com/wealth/real-estate/realtors-cant-lure-investors-by-promising-assured-returns-rera/articleshow/66876815.cms

RERA Haryana

• The Haryana Government, Town and Country Planning Department notified Real Estate (Regulation and Development) Rules dated 28th April, 2017.
• The office of Regulatory Authority is located at:
  1) Mini Secretariat, New Office Block, 2nd & 3rd Floor Sector-1, Panchkula, 134114.
  2) New PWD Rest House Civil Lines, Gurugram, Haryana
• Shri. KK Khandelwal & Shri. Rajan Gupta appointed as a Chairman of HRERA Gurugram & Panchkula respectively.
• Website Launched (Visit: www.haryanarera.gov.in)