economy

H-RERA issues notice to Supertech for selling projects without permission

GURGAON

: The Haryana Real Estate

Regulatory

Authority (

H-Rera

) on Wednesday, issued a showcause notice to troubled developer

Supertech

for four projects registered under H-Rera, in which it has claimed that sales had been initiated without due permissions.

The authority has directed the developer to respond to the notice within a week, asking why penal action shouldn’t be initiated against it.

Under sections 15(1) and 61 of the Real Estate (Regulation and Development) Act, 2016, a developer has to seek permission from the authority before it can start selling a project.

Section 15(1) says the promoter shall not transfer or assign his majority rights and liabilities in respect of a real estate project to a third party, without obtaining prior written consent from two-thirds of all allottees, except the promoter, and without prior written approval of the authority.

If the developer fails to comply, it shall be liable to a penalty which may be extended up to 5% of the estimated cost of the project.

In case of the four projects under scrutiny, two of which are in Gurgaon with two others in Sohna, H-Rera has proposed a consolidated penalty of Rs 85 crore.

The chairman of Supertech Group, R K Arora, said, “We’ve not sold any land in Gurgaon as reported. Yet, without any concrete evidence, H-Rera has issued a showcause notice accusing Supertech of selling out or agreeing to sell out the said projects. As a response has been sought from us, we will certainly do so with all facts and evidence.”


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