Haryana RERA Levies Rs 50 Lakh Penalty on Birla Estates in Gurugram

                Gurgaon: The Real Estate Regulatory Authority 
(Rera) in the state has imposed a hefty penalty 
of Rs 50 lakh on Birla Estates Pvt Ltd for 
promoting an unregistered housing project, 
violating key provisions of the Real Estate Act 
of 2016.
The regulatory body found that Birla Estates 
had begun advertising its upcoming group 
housing project, Birla Akira, in sectors 31 and 
32A before receiving official registration 
approval. 
Section 3 of the Real Estate (Regulation and 
Development) Act, 2016, restricts developers 
from marketing projects without prior 
registration from the authority.
H-Rera made it clear that Birla Estates would 
receive its registration certificate only after 
fulfilling three conditions — submitting 
remaining documentation, completing the 
online DPI 
process, and paying the Rs 50 lakh penalty.
The authority's crackdown extended beyond 
Birla Estates, with three other developers each 
receiving Rs 25 lakh fines for failing to meet 
project timeline commitments under Section 
4(2)
(l)(C) of the RERA Act.

In a separate action, H-RERA ordered that 
security deposits worth Rs 2.2 crore be seized 
from six developers for violating registration 
conditions. The affected companies include 
1000 
Trees Housing, Keystone World, JMK Holdings, 
TARC Ltd, Mapsko Builders, and Aviana Green 
Estates.
The authority issued a stern warning to Birla 
Estates and other developers, emphasising 
that any future marketing of unregistered 
projects would face more severe legal 
consequences. 
"The promoter M/s Birla Estates Pvt Ltd is 
advised not to indulge in or allow any other 
entity to sell units in unregistered projects, 
failing which legal consequences shall follow," 
the order 
stated.

Source : Times of India