+
Haryana RERA Fines Promoter of '1000 Trees' Housing Project
Real Estate

Haryana RERA Fines Promoter of '1000 Trees' Housing Project

The Haryana Real Estate Regulatory Authority (RERA) has imposed a significant penalty on the promoter of the '1000 Trees' housing project for violating regulations under the Real Estate (Regulation and Development) Act, 2016. The penalty was issued after multiple complaints were filed against the promoter, citing delays in project completion and failure to adhere to the terms laid out during registration.

The '1000 Trees' project, which promised residential development, had faced scrutiny over issues related to missed deadlines and non-compliance with various statutory obligations. Homebuyers expressed their grievances about the prolonged delay and lack of transparency in the project's execution. After an investigation, the RERA authority concluded that the promoter had breached several clauses of the Act.

As a consequence, RERA not only levied a fine but also directed the promoter to expedite the project and resolve pending issues faced by the buyers. The regulatory body emphasised the importance of protecting homebuyers' interests and ensuring that developers adhere to their commitments.

This decision is part of Haryana RERA's ongoing efforts to enforce accountability in the real estate sector, encouraging developers to comply with regulatory norms and avoid any malpractice. The fine serves as a warning to other real estate developers in the state, underscoring the consequences of neglecting consumer rights and regulatory obligations.

The Haryana Real Estate Regulatory Authority (RERA) has imposed a significant penalty on the promoter of the '1000 Trees' housing project for violating regulations under the Real Estate (Regulation and Development) Act, 2016. The penalty was issued after multiple complaints were filed against the promoter, citing delays in project completion and failure to adhere to the terms laid out during registration. The '1000 Trees' project, which promised residential development, had faced scrutiny over issues related to missed deadlines and non-compliance with various statutory obligations. Homebuyers expressed their grievances about the prolonged delay and lack of transparency in the project's execution. After an investigation, the RERA authority concluded that the promoter had breached several clauses of the Act. As a consequence, RERA not only levied a fine but also directed the promoter to expedite the project and resolve pending issues faced by the buyers. The regulatory body emphasised the importance of protecting homebuyers' interests and ensuring that developers adhere to their commitments. This decision is part of Haryana RERA's ongoing efforts to enforce accountability in the real estate sector, encouraging developers to comply with regulatory norms and avoid any malpractice. The fine serves as a warning to other real estate developers in the state, underscoring the consequences of neglecting consumer rights and regulatory obligations.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?