HRERA claims resolution of 6,598 complaints in last two years
Gurugram: The Haryana Real Estate Regulatory Authority (HRERA), Gurugram, has received 9,496 complaints in last two years and out of that 6,598 have been resolved. The authority has issued 509 penalty notices to builders who have defaulted in compliance of provisions of the real estate law.
This was stated by Dr KK Khandelwal, Chairman, HRERA Gurugram, who was speaking on the occasion of completion of two years of the authority in Gurugram.
Dr Khandelwal said, “We have made efforts to develop a robust and transparent real estate sector in the last two years. Our endeavour has resulted in bringing back the confidence of investors and buyers in the market. The efforts have also been in the direction of helping the promoters due to revival of market. Those, who comply with the law, will be helped and their rights and interests will be protected. Those, who break the law, may have to face the music.”
According to the real estate watchdog, around 400 projects have been registered with the authority with total area of nearly 1 lakh acres. At present, 2,50,000 units are under monitoring of the authority. Out of which, 60,000 units are in the affordable housing segment.
A penalty of around Rs 40 crore has been imposed on erring builders and penal proceedings are going on against 58 builders. Show cause notices have been issued where penalty amount may go up to around Rs 300 crore.
“The authority has undertaken a massive campaign against the builders who are selling plots, apartments in unauthorized colonies. Seven such cases are under investigation,” said Khandelwal.
Dr Khandelwal also said that the formation of HRERA Gurugram has resulted in growth in real estate in this area. He said that in the year 2019, real estate in National Capital Region (NCR) especially Gurugram has seen a positive change.
Gurugram takes up 35 per cent share in the overall new launches in 2019, with only 2 percentage points increase from 2018. In the second half of 2019, Gurugram saw new launches in the affordable segment in sectors such as 63A, 95A, 76, 85 and 86.
The authority observed that completing major infrastructure projects such as the Dwarka Expressway and the Sohna Elevated Road will guide demand to areas where a lot of inventory is either stuck with investors or where the builder has failed to attract any buyers at all.
“Projects along the southern peripheral road and the Dwarka Expressway are still dependent to a great extent, on the completion of their respective connecting roads.” he informed.