HA-RERA to complete unfinished project, seals bank acc of builder

By Accommodation Times Bureau

CHANDIGARH

Haryana Real Estate Regulatory Authority, (HA-RERA) Gurugram has decided to give relief to flat buyers by completing the unfinished real estate project called Greenopolis in Sector-89 of Gurugram under its supervision.  However, all the bank accounts of Orris Infrastructure and 3-C- Shelter Infrastructure have been sealed by HA-RERA.

This was informed by Chairman, HA-RERA Gurugram Dr. K. Khandelwal,  in a press conference at Gurugram on Friday.

Khandelwal said that in the Sector-89 of Gurugram allotments have been issued to 1,862 allottees in the Greenopolis project and they have paid more than 80 per cent of the price while only 40 to 50 per cent construction work of flats has been completed. He said that licenses were taken by Orris Infrastructure for this project in 2011 and allotments were issued to allottees in 2012 and 2013. The possession which was to be given in December -2015, was still not given, which was a mental torture for allottees.

The Allottees Association approached HA-RERA and filed their complaint. Dr. Khandelwal informed that Orris Infrastructure has got a licence for 47 acres for the project, and the project was constructed over 37 acres.

According to Khandelwal, after obtaining a license, the Orris Infrastructure handed the responsibility of construction to 3-C- Shelter Infrastructure with the agreement that  35 per cent of flats would be sold by Orris and 65 per cent by 3-C Infrastructure.

He said that the complainants have alleged that by way of booking of flats, Orris Infrastructure got  Rs 300 crore and 3-C Infrastructure Rs 800 crore. However, the booking amount thus collected not funded in the project but elsewhere. The complainants said that for the completion of the project, about  Rs 500 crore more would be needed, besides Rs 82 crore for filling outstanding EDC. Accordingly, the project will cost about Rs. 582 crore more.

He informed that the Association has estimated that amount of Rs 120 crore can be received from the allottees as the remaining amount and  Rs 250 crore from the sale of remaining flats and land.

He told that all the accounts of Orris Infrastructure and 3-C Shelter Infrastructure were sealed in view of the problems faced by allottees. He said that this project will now be completed in full supervision of the authority so that the interests of the allottees could be protected.

Khandelwal said that while using his powers under Section 35 of the HA-RERA Act, the authority has appointed Professor MS Turan, as investigation commissioner of this project to investigate and submit the report within ten days. In addition, with the consent of all the stakeholders, the responsibility for the investigation of financial irregularities has been given to a financial firm. To investigate the number of flats sold and unsold, the responsibility to survey has been given to the Quantum Infrastructure Private Limited, which will submit a report in two months.

In response to a question, Khandelwal told that if any person wants to withdraw from the project and demand his money back, then he will get it with interest. In response to another question, he said that an account of builders and allottees has been opened by HA-RERA Gurgram and now the money can be withdrawn only from this account to complete the project.

In a reply to a question, Khandelwal said that till now, HA-RERA has received 607 complaints, out of which 102 have been settled. Of the 60 disposed of cases, the settlement has been settled by the builder with the allottees outside the authority. He said that after the constitution of HA-RERA, the builders are paying heed and solving the problems of allottees.

 





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