News
HRERA Gurugram Rejects Godrej Properties’ Project Extension Application, Account Frozen For Prolonged Non-compliances


Gurugram, April 9, 2024: The real estate regulatory authority (RERA), Gurugram, has rejected the project extension application of Godrej Developers & Properties LLP on the ground of prolonged non-compliances of the Real Estate (Regulations & Development) Act 2016.
The Authority said despite many reminders the promoter of the project, Godrej Developers & Properties LLP, failed to rectify the deficiencies in the application, including the renewal of the licence and details related to bank balance provided in quarterly progress report (QPR) and CA certificate had a mismatch.
The promoter is developing a group housing project Godrej Air Phase 4 at Sector 85, Gurugram.
The promoter had obtained the RERA registration in December 2018 and the same was valid up to June 2023 by which the promoter had to complete the housing project.
The promoter applied with RERA Gurugram seeking further extension of the registration to complete the project, moving an application under Section 6 of the RERA Act.
During the scrutiny of the application, the Authority observed many deficiencies in the application and asked the promoter to rectify the same.
The Authority says it has granted ample time to the promoter to remove the deficiencies mandatory to obtain extension of the registration. The Authority sent a final a show cause notice in February this year to promoter for rejection of the application and it did not receive any reply from the promoter.
“Keeping in view the above facts, the Authority rejects the application for extension of registration of the project. Further, the Bank Account of the project be frozen and compliance letter to this effect be sent to the Bank,” said the order of the Authority.
The Authority has also warned promoter against creating any third-party rights and has cautioned the general public to refrain from booking any property in the project.
-
News7 days ago
Gaur City Mall Buzzes as Superstar Sunny Deol Promotes Latest Film ‘Jaat’
-
News2 weeks ago
April Shower: Real Estate Gets Booster Shot as RBI Cuts Repo Rate by 25 BPS
-
News2 weeks ago
RBI’s Second Consecutive Repo Rate Cut to 6% Spurs Optimism Across Real Estate Sector
-
News1 week ago
Vegas Mall Hosts Grand Event on April 13 to Celebrate the Spirit of Baisakhi
-
News1 week ago
Superstar Sunny Deol Visits VVIP Style Mall, Ghaziabad
-
Guest Column2 weeks ago
Look East: How Noida, Greater Noida are Poised to Ride India’s Retail Leasing Surge
-
News4 days ago
Manish Jain Takes the Helm as New President of CREDAI Pune Metro
-
News2 weeks ago
ANAROCK Appoints Vik Lulla to Lead US Commercial Leasing and Advisory Operations