GURUGRAM: The state real estate regulator has issued a notice to Adani M2K Projects LLP and real estate brokers Neeraj Associates for allegedly violating the provisions of H-Rera Act.
The real estate authority observed that the promoter has neither applied for registration of the project nor submitted the requisite documents of the property which is being built by them. The real estate agent also tried to sell projects that are not registered with the authority, it said. Taking serious note of the violations, the authority has ordered initiation of penal proceedings against the promoter and the brokers. For these violations, a penalty of Rs 12 crore may be imposed on the promoter and Rs 2.7 crore on the real estate agent.
H-Rera chairman KK Khandelwal said an odd trend has been observed in the promoter’s advertisements, marketing and sale of the units — both online and offline. The real estate Act makes it mandatory for all commercial and residential real estate projects, which are built on plots over 500 sqm, to register with the authority before launching those in order to provide greater transparency. “It has been observed that promoters such as Adani M2K Projects LLP and various others despite falling within this category and having similar specifications of their properties are not getting their projects registered,” said Khandelwal.
He said this clearly invites criminal proceedings against the promoters for non-compliance of the directions on the registry of the projects under Section 59(2) of the Rera Act. The authority served a show cause notice on the promoter and directed it to produce records pertaining to the property they have sold as required under Section 3 and also under Section 59(1) of the Rera Act.
He also said not only the promoters but real estate agents are also getting involved in such “unscrupulous activities”.
Adani Realty M2K spokesperson denied promoting its projects without necessary approvals. “Following the media reports on one of our projects in Gurugram, we have come to know about the concerns expressed by Haryana Rera. We will engage with the authorities to cooperate in the matter. Adani Realty M2K does not promote or market projects without the mandatory approvals from the respective authorities as per the standard operating procedures. Our well executed projects and track record are a testimony of our commitment towards the customers and established guidelines,” the spokesperson said.