Haryana RERA urges DTCP to take final call on three housing projects by OSB

                Gurgaon: In a move to safeguard the interests 
of over a thousand homebuyers, Haryana Real 
Estate Regulatory Authority (H-Rera) has 
written to the department of town and country 
planning (DTCP), urging it to take a final call on 
the suspended licences of three affordable 
housing projects by Ocean Seven Buildtech Pvt 
Ltd (OSB).
Rera has now recommended two options to 
the department: either restore the licences and 
allow OSB to complete the projects, or assign 
the task to another competent agency to 
ensure 
timely possession of homes to allottees. The 
authority has stressed that further delays 
could worsen the situation and lead to the 
deterioration of the partially developed 
infrastructure.
DTCP had suspended these licences two years 
ago. The projects — located in sectors 109, 69 
and 70 — were launched under affordable 
housing schemes and collectively cover 
approximately 18 acres. Rera says the 
promoter had submitted a resolution plan to 
DTCP, but a final decision is awaited, 
prompting the regulator to write to the latter.
Licences for these projects were granted in 
2016, 2018 and 2019, but due to consistent 
delays, irregularities and non-compliance with 
regulatory norms, all three licences were 
suspended by DTCP on Feb 23, 2023. The 
suspension was accompanied by a freeze on 
the developer's bank accounts to protect the 
allottees' funds.

Over the past year, Rera received numerous 
complaints from allottees, many of whom 
invested through personal savings or home 
loans under PMAY. Complaints allege misuse 
of funds, 
failure to renew licences and non-payment of 
external development charges (EDC) by the 
developer. With the projects stuck for over a 
year and no clear direction on resumption, 
affected 
families are facing growing anxiety and 
financial distress.


Source : Times of India