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Gurugram: Haryana real estate regulator Authority (HRERA), Gurugram has forfeited the bank guarantee of the real estate promoter JMS Infra Realty Pvt Ltd as the promoter failed to submit the approved service plan and estimate as well as zoning plan of its project in time.
As per the conditions for grant of RERA registration certificate (RC) in March 2022, the promoter had to submit within three months the approved service plan and estimate and the approved zoning plan of the project. The promoter had deposited Rs 25 lakh each as security deposit with the authority for both the terms.
“The bank guarantee was deposited by the promoter as security for timely submission of approved service plans and estimates to the authority and the approved zoning plan as stated in the registration certificate issued by the Haryana Real Estate Regulatory Authority, Gurugram in March 2022 was done,” the authority said.
“Since the promoter has not complied with the conditions of the certificate of registration within the prescribed time period, the bank guarantee deposited by the promoter is being forfeited by the authority,” said the authority’s order dated January 16.
The promoter had obtained RERA registration certificate for the development of plotted colony ‘The Nation’ Deen Dayal Jan Awas Yojana (DDJAY) Scheme in Sector 95, Gurugram.
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