Haryana RERA Fines Promoter of '1000 Trees' Housing Project

23 Aug 2024 CW Team

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.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..