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.
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