Not complying with RERA Authority (Panchkula in Haryana) proves costly for a builder.
PARSVNATH Builder has to shell out Rs 5 lakh for not complying with RERA Panchkula Authority’s order.
Read the story here –
As PARSVNATH Royale Pocket B Sec 20, Panchkula was not registered with RERA, HRERA Authority asked them to organise conference of allottees where the future course of action can be charted for giving possession to buyers and completing other modalities of the project.
An escrow account was also asked to operate by builder for smooth management of funds.
But both the actions were not complied by the Builder and neither do they have any satisfactory reply for non compliance.
Builder also violated the previous orders of Panchkula Authority by not proposing any action plan for delivery 253 plots already being allotted.
It was in the conference only that the plan of completing the allotted flats vs. Rest of the project was to be decided. But since the conference /meeting was not held, no action was finalised. Moreover, no reason was forthcoming from the builder.
Also read – RERA Punjab
The builder gave the excuse that 49 apartments were attached by enforcement directorate and 50 have filed Court cases.
The authority noted that this issue must have been dealt in the conference only.
The Town Country Planning (TCP) , Haryana has earlier raised objection regarding the registration of the project to which authority replied that it must be mandatory registered under Centre and State Act.
The project has been transferred to Parasvnath from three individual owners including Samar Estates pvt. Ltd which is why TCP was not able to register the project.
Now the RERA Panchkula Authority (Haryana ) has ordered Rs. 6.34 lakh deficit fee of registration to be deposited. RERA Panchkula fines Builder.
For more info on RERA Panchkula (Haryana), Mohali and Chandigarh, please dial 7888-356908.