Haryana Authority Takes Action Against Gurugram Developer for Unregistered Sales
HRERA acts against Gurugram builder over sale of unregistered project
Hindustan Times
Image: Hindustan Times
The Haryana Real Estate Regulatory Authority (HRERA) has initiated action against Nitara Projects Limited in Gurugram for allegedly selling unregistered residential projects. The authority is urging homebuyers to verify project registrations to avoid risks associated with unregistered investments.
- 01HRERA is taking action against Nitara Projects Limited for selling unregistered real estate.
- 02The developer allegedly marketed and sold residential floors without proper registration.
- 03HRERA has issued a public advisory urging buyers to verify project registrations.
- 04The developer has until June 8 to respond to the allegations or face penalties.
- 05The company claims it only engages in customized construction, not public sales.
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The Haryana Real Estate Regulatory Authority (HRERA) in Gurugram has taken suo motu cognizance against M/s Nitara Projects Limited for allegedly developing and selling residential projects without mandatory registration under the Real Estate (Regulation and Development) Act, 2016. HRERA noted that the developer marketed and sold residential floors without disclosing essential details such as the RERA registration number, violating regulatory requirements. The authority has granted the developer a final opportunity to explain why penal action should not be initiated, with a deadline set for June 8. HRERA also issued a public advisory urging homebuyers to verify project registrations on its official website to avoid risks associated with unregistered investments. In response, a representative from Nitara Projects Limited stated that the company focuses on customized construction of individual houses and is committed to complying with applicable laws.
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This action by HRERA aims to protect homebuyers from potential losses due to unregistered real estate investments, ensuring compliance with regulatory standards.
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