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Gurugram: Gurugram Bench of Haryana Real Estate regulator Authority (HRERA) has imposed a fine of Rs 25 lakh each on five builders after they failed to deliver their housing units to the buyers on time. The regulator, however, allowed the RERA registration certificates of realtors to remain in force with new timelines for completion of their projects.
As per the official statement, Pehchan Buildtech Pvt Ltd has been fined for not completing its project Ansal Highland Park in Sector 103 within the announced deadline of June 2022. In this case, the authority has given permission to implement RERA registration till May 2024.
Similarly a fine of Rs 25 lakh has been imposed BPTP Limited for not completing your project Park Terra Sector 37-D, Gurugram. The deadline of this project, which was earlier April 2022, has been extended to 24 April.
another developer Advance India Projects Ltd. has been penalized for failing to complete the construction of the Zen Residences-1 Group Housing Project in Sector 70-A, Gurugram, the statement said.
Along with this, a fine of Rs 25 lakh has also been imposed. KLJ Realtech Pvt Ltd for not completing the construction of its commercial project KLJ Square in Sector 83, Gurugram within the announced deadline of June 2021.
allowing the RERA registration to remain in force Spaz Towers Private Limited has imposed a fine of Rs 25 lakh on the realtor till December 2025 for its project Ishan Singh Commercial in Sector 78, Gurugram. The project was to be completed by the end of 2020.
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