HRERA Fines ‘1000 Trees’ Housing Project Promoter

Date:

The Haryana Real Estate Regulatory Authority (HRERA) has imposed a penalty of ₹1.5 crore on Gurugram-based 1000 Trees Housing Pvt Ltd for failing to register its project even 12 years after obtaining the necessary licence and selling flats to buyers. 

The Gurugram bench of HRERA noted that despite securing a licence from the Haryana Department of Town and Country Planning in 2012, 1000 Trees Housing went ahead and created third-party rights in the project, which violated the Real Estate (Regulation and Development) Act of 2016.

Although the real estate promoter had applied for project registration to complete construction and deliver units to homebuyers, HRERA’s scrutiny revealed that it was an ongoing project. 1000 Trees Housing had sold units to homebuyers without obtaining the required RERA registration.

According to regulations, a promoter must register their project with RERA before creating third-party rights or advertising, once they have obtained a licence from the competent authority.

In January 2024, the Gurugram bench of HRERA had previously ordered a refund of ₹25.99 lakh with an annual interest of 10.85% to a homebuyer and directed its planning branch to initiate separate proceedings against 1000 Trees Housing for non-registration of the project.

The Haryana Real Estate Regulatory Authority’s (HRERA) decision to impose a ₹1.5 crore penalty on 1000 Trees Housing Pvt Ltd underscores the critical importance of compliance with the Real Estate (Regulation and Development) Act (RERA) of 2016. This action highlights the authority’s commitment to protecting homebuyers’ interests and enforcing stringent regulations in the real estate sector.

Vakilsearch is dedicated to helping both developers and homebuyers navigate the real estate legal landscape effectively. For expert legal advice on RERA compliance, project registration, or homebuyer rights, contact Vakilsearch’s team of experienced real estate attorneys.

Akash G Varadaraj
Akash G Varadaraj
Akash G Varadarajhttps://news.vakilsearch.com/
I'm Akash. G. Varadaraj, an official content writer at Vakilsearch with over four years of experience. I'm here to simplify complex legal concepts into easily accessible articles that even a layman can understand. As a regular contributor to this news portal, I aim to keep you informed in the dynamic world of law, compliance, taxation, and much more. I ensure that you get to know our Vakilsearch expert's take on every piece of news, how it can help, and what you should do.

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Germany Bans Oneplus Smartphones Over 5G Patent Disputes

OnePlus smartphones have been banned from sale in Germany...

DC and Marvel Lose Trademark Rights to ‘Superhero’

Marvel and DC Comics used to jointly own the...

Ravi Ahuja Appointed as CEO of Sony Pictures

Sony Pictures Entertainment (SPE) has announced a leadership change...

Old GST Dues Can Be Cleared Without Any Additional Fees

New provision targets cases in which GST Dues were...