Haryana RERA Imposes Rs 50 Lakh Fine on Birla Estates for Unregistered Project

The Real Estate Regulatory Authority (RERA) in Haryana has imposed a fine of Rs 50 lakh on Birla Estates Pvt Ltd for promoting an unregistered housing project, in violation of the Real Estate (Regulation and Development) Act, 2016. The company had started advertising its upcoming group housing project, Birla Akira, located in sectors 31 and 32A in Gurgaon, even before receiving the necessary registration approval.

According to Section 3 of the Real Estate (Regulation and Development) Act, developers are prohibited from marketing a project unless it is officially registered with RERA. The Haryana Real Estate Regulatory Authority (H-RERA) has made it clear that Birla Estates will only receive the registration certificate after complying with several conditions. These include submitting the required documentation, completing the online DPI process, and paying the Rs 50 lakh penalty.

In addition to the penalty on Birla Estates, three other developers have been fined Rs 25 lakh each for failing to meet their project timeline commitments, as per Section 4(2)(l)(C) of the RERA Act. The projects involved include names such as 1000 Trees Housing, Keystone World, and JMK Holdings. These developers failed to deliver their projects within the prescribed timelines, leading to the penalties.

In a further action, H-RERA has ordered the seizure of security deposits totaling Rs 2.2 crore from six developers. These companies, including TARC Ltd, Mapsko Builders, and Aviana Green Estates, were found to have violated various conditions outlined in their project registrations. These actions are part of H-RERA’s ongoing efforts to tighten regulations within the real estate sector and ensure accountability among developers.

The regulatory body issued a stern warning to Birla Estates and other developers involved. It emphasized that any future marketing of unregistered projects would result in more severe legal consequences. H-RERA also advised Birla Estates not to allow any further sale or marketing of units in unregistered projects. The authority stated that any violation would attract stricter actions, highlighting the need for developers to adhere to the regulations set by the RERA Act.

The issue of unregistered projects is a growing concern in the real estate sector, with several developers attempting to bypass the regulatory framework in order to attract buyers and investors. RERA’s vigilance in this matter aims to protect the interests of homebuyers and ensure that real estate developers follow the required legal and operational procedures.