Haryana RERA Fines Promoters Rs 0.5 Million for Delayed Reports
Real Estate

Haryana RERA Fines Promoters Rs 0.5 Million for Delayed Reports

The Haryana Real Estate Regulatory Authority (HeRera) in Gurugram has warned real estate promoters to submit the mandatory annual reports of under-construction projects within 30 days to avoid a penalty of Rs 50 million. This warning came in response to the repeated non-compliance of real estate promoters in submitting the required reports.

During a recent review meeting, the Authority expressed concern over the fact that many real estate promoters had not yet submitted the annual reports for their individual projects. Consequently, the Authority stated that show cause notices were being sent to these promoters, informing them that they must submit the reports within 30 days to prevent penalties.

The Authority emphasized that failing to file the annual report for under-construction projects is a serious violation of the RERA Act of 2016. The statement highlighted that the Authority views this issue seriously and has issued show cause notices to the promoters, questioning why a penalty of Rs 0.5 million should not be imposed on those who fail to comply within 30 days from the notice's issuance.

Furthermore, the Authority clarified that if the annual report is not filed within 60 days from the date of the show cause notice, an additional penalty of Rs 10,000 per day will be imposed, in addition to the initial Rs 0.5 million fine.

The Haryana Real Estate Regulatory Authority (HeRera) in Gurugram has warned real estate promoters to submit the mandatory annual reports of under-construction projects within 30 days to avoid a penalty of Rs 50 million. This warning came in response to the repeated non-compliance of real estate promoters in submitting the required reports. During a recent review meeting, the Authority expressed concern over the fact that many real estate promoters had not yet submitted the annual reports for their individual projects. Consequently, the Authority stated that show cause notices were being sent to these promoters, informing them that they must submit the reports within 30 days to prevent penalties. The Authority emphasized that failing to file the annual report for under-construction projects is a serious violation of the RERA Act of 2016. The statement highlighted that the Authority views this issue seriously and has issued show cause notices to the promoters, questioning why a penalty of Rs 0.5 million should not be imposed on those who fail to comply within 30 days from the notice's issuance. Furthermore, the Authority clarified that if the annual report is not filed within 60 days from the date of the show cause notice, an additional penalty of Rs 10,000 per day will be imposed, in addition to the initial Rs 0.5 million fine.

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?