IEP Chandigarh, October 4
The Haryana real estate regulatory authority (RERA), Gurugram, on Monday came heavily on ILD Green promoter giving it a final warning to reply with facts whether it has any intention to complete the constructions of remaining units and hand over the same to approximately 200 allottees waiting for their dream homes to be delivered for over a decade.
While fixing the next date of hearing two weeks later on October 17, the authority has sought balance statements of accounts of the allottees as per the builder buyer agreement (BBA) in seven days. The promoter has been further directed to submit the remaining information such as affidavits of directors and company regarding their net-worth as on date, duly notarised, legally valid unambiguous within a period of seven days.
The authority observed that the extended period of RERA registration of the project stands lapsed on August 15, 2019 and directed the promoter to apply for continuation of the registration as mandated by the real estate (development and regulation) Act 2016 in 15 days.
The authority took on record the submission of complainants written in form of a reply to the builder’s resolution plan to complete the project.
“It is observed from the annexure IV (page 42) of the reply (of the complainants) that the respondent builder has taken booking/sold inventories on various dates after expiry of even the extended period of RERA registration. The decides to appoint SC Goyal registrar to investigate into the matter and to give his report to the authority as to whether the inventory has been actually sold as above and violations committed by the promoter within a period of two weeks and the parties may appear before SC Goyal on October 7 at 3PM,” stated the proceedings.
The authority further noted, “It is brought to the notice of the promoter that as per the section 40 (2) read with 27 (1) every order passed by the Authority under the Act, rules and regulations made there under shall be enforced by the Authority in the same manner as it were a decree or order by a civil court in a suit pending therein. Attention of the promoter is also invited to section 63 of the Act 2016 wherein he shall be liable to a penalty for every day (which may extend up to 5 percent of the estimated cost of the project) during which he fails to comply with or contravenes any of the orders or directions of the Authority.”
More than a decade old ILD Green is a group housing project at Sector 37C.
RERA Chairman Dr KK Khandelwal, said, “Authority wants to get the project completed and make sure the promoter handover the units to aggrieved allottee.”
As per the report of the Authority appointed engineer, the total cost to make this project livable is estimated to be Rs 36 crore plus the GST as applicable and the total time to complete the project for making it livable is estimated between 9 to 12 months from the date of restart of the construction.