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 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

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
Infrastructure Energy

BPRL, IOCL JV secures first full production concession in Abu Dhabi

Bharat PetroResources (BPRL), a wholly-owned subsidiary of Bharat Petroleum Corporation (BPCL), in collaboration with Indian Oil Corporation (IOCL), has secured a production concession through their joint venture, Urja Bharat (UBPL). This concession was granted by the Supreme Council for Financial and Economic Affairs (SCFEA) in Abu Dhabi. The concession follows an earlier exploration and production award given to UBPL in March 2019, after which the exploration phase was successfully completed with an investment of approximately $164 million. The awarded area spans up to 6,162 square kilomet..

Next Story
Infrastructure Energy

UN Warns of 300% Mineral Demand Spike, Urges Supply Chain Reforms

A United Nations report predicts that global demand for minerals essential to renewable energy technologies will nearly triple by 2030. The UN Secretary-General's expert panel on critical energy transition minerals has provided a set of recommendations and guiding principles for governments, industries, and stakeholders to ensure that the energy transition is both just and sustainable. UN Secretary-General António Guterres noted that the report highlights methods to root the renewable energy revolution in justice and equity, fostering sustainable development and environmental protection. He..

Next Story
Infrastructure Energy

Land conflicts, population density hinder India's renewable energy goals

A recent report by the Council on Energy, Environment and Water (CEEW) suggests that India’s renewable energy (RE) capacity could theoretically surpass 24,000 gigawatts (GW), though achieving just a portion of this—approximately 7,000 GW needed for net-zero emissions by 2070—will be challenging. The obstacles stem from issues related to land and water availability, as well as population density. The report, titled "Unlocking India’s Renewable Energy and Green Hydrogen Potential: An Assessment of Land, Water, and Climate Nexus," highlights major challenges as India aims to grow from it..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000