Gurugram: Over 500 home-buyers duped by realtor approached RERA
What's the story
A group of home-buyers in Gurugram approached the RERA against a realty company, which has allegedly duped more than 500 of them. An association of allottees appeared before RERA yesterday and said there was no progress in construction and hence, they had decided to explore the option of transferring the obligation of completing the project to the association, as per Section-8 of RERA Act.
Information
Realtor collected money worth Rs. 300cr from home-buyers
The home-buyers have claimed that the builder, Earth Infrastructure Ltd, had launched a residential project called the Earth Copia in Sector 112 of Gurugram in February 2011 and collected money to the tune of Rs. 300cr.
Property amount
Home-buyers paid 80% to 95% money to the builder
The allottees have already paid 80-95% of the property amount to the builder in installments. The company had started construction in September 2012 and then stopped. The due date for completion of the project, as per the buyer's agreement, was September 31, 2015, which has been delayed for over two years and the construction has been abandoned since June 2016, they have said.
Information
RERA restrained builder from alienating the rights of property
The Real Estate Regularity Authority (RERA) directed the promoter to submit the details of all 538 allottees. It also passed orders, restraining the builder from alienating the rights of the property till the matter was decided.
The project
Project is not registered; hence violation of RERA Act
The company's directors are Atul Gupta, Vikas Gupta, Rajneesh Mittal, and Avdhesh Kumar Goel. The builder had applied for registration of the project on September 7, 2017, but failed to comply with the directions of the authority even after a lapse of eight months. As a result, the project has not been registered, which is in violation of Section 3 of the RERA Act.