Home buyers across Gurugram to get 'separate account' soon!

By City Spidey
Photo: City Spidey
Posted: Apr 19, 2019

In order to protect buyers' money, the state's Department of Town and Country Planning (DTCP) has decided that a separate account will be created so the builders cannot exploit it by using them in other projects.

In this process, important information including details of Aadhaar, PAN card, and passport number are being obtained to prevent untoward situations created by builders.

Besides, designated signatories have been made compulsory to withdraw money from the account. In case of fraud, the bank officials will be held equally liable.

The DTCP is also preparing a list of defaulters as it is estimated that Rs 10,160 crore is pending by the builders who have not been able to complete their projects on time.

Universal builder is one such defaulter who has been termed as 'absconder' by the enforcement directorate (ED) of Gurugram for amassing Rs 300 crore of buyers who had invested in Sector 82's Aura project. The residential project was started in the year 2010 was stalled in 2015.

Sadly, most of the new projects in Gurugram lack of proper infra, including roads, power connections, and sewage facilities. The main reason cited for lack of social infrastructure is the huge EDC amount that is unaccounted for.

A Right To Information (RTI) application, filed recently, revealed the pending external development charges (EDCs) in just one year, i.e. from March 2017 to March 2018 have increased from 13,855 crore to 15,250 crore.


TAGS: Gurugram news / local news / builders / home buyers / separate account / district town and country planning / DTCP / RTI / ED / external enforcement charges / EDC / infra / projects / defaulter / amassing / developers