By The Realty Times | Real Estate News Services
Gurugram:
The Gurugram
district administration has launched a major recovery drive against 71 builders
and promoters over approximately ₹446 crore in outstanding dues arising from
orders passed by the Haryana Real Estate Regulatory Authority (HRERA).
The recovery
certificates, some of which have remained pending for more than four years,
relate to penalties, refunds and other amounts ordered in favour of homebuyers.
As part of
the enforcement action, the administration has ordered the freezing of bank
accounts of the defaulting developers. Proceedings have also been initiated to
attach their movable and immovable properties if the dues are not cleared.
Officials
said further measures, including action under applicable land-revenue
provisions, could follow if the outstanding amounts cannot be recovered through
bank accounts or attached assets.
Under
Section 40(1) of the RERA Act, 2016, amounts ordered by the regulatory
authority can be recovered as arrears of land revenue.
According to
recovery data cited by the district administration, the outstanding amounts
include approximately: Ansal Housing / Ansal Construction Housing: ₹91 crore, Raheja:
₹90 crore, Vatika: ₹80 crore, Parsvnath: ₹74 crore, Ramprastha: ₹57 crore, IREO:
₹24 crore, ILD Millennium: ₹8.59 crore
The
administration has said that the recovery process will be carried out in
phases, beginning with larger defaulters. Officials will examine bank accounts
and available assets to facilitate recovery.
The latest
action is aimed at ensuring that HRERA orders do not remain unexecuted for
years. Gurugram Deputy Commissioner Uttam Singh said effective execution of
recovery orders is necessary so that amounts awarded to affected homebuyers can
actually reach them.
The move
follows earlier enforcement action by the Gurugram administration. In
September, the administration froze bank accounts of developer AIPL over
pending HRERA recovery notices, through which around ₹3 crore was recovered.
Reports also indicated that thousands of recovery certificates remained pending
in Gurugram.
The recovery
drive could increase pressure on developers with long-pending RERA liabilities
while strengthening enforcement of regulatory orders. For homebuyers who have
secured favourable HRERA orders, the process could provide a route toward
actual recovery of refunds, interest or compensation.
The
₹446-crore recovery drive highlights the growing focus on enforcement of RERA
orders in Gurugram. The effectiveness of the initiative will depend on how
quickly bank accounts and properties can be identified, attached and monetised,
and how efficiently the recovered money is ultimately transferred to eligible
homebuyers.
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