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Haryana Govt Takes Over 15 Troubled Realty Projects

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GURUGRAM:  Haryana’s city and country coming up with department (DTCP) says it’s off the licenses of and brought over fifteen stalled land comes across the state. The step, that comes days once the state-run National Buildings Construction Company(NBCC) was roped in to revive Amravati’s unfinished comes in Noida, indicates government intervention to rescue troubled land comes might now not be uncommon, a minimum of not in NCR wherever housing comes ar running years delayed.

DTCP’s “takeover” involves all aspects of a project, together with security deposits, a political candidate same, in order that the department might complete them on its own. None of the fifteen Haryana comes that have lost licenses ar corresponding to Amravati’s in scale. They’re principally little and medium-sized comes, each housing and industrial, with around one,000 consumers together. 9 of them ar in Guru gram, followed by Karnal (3), Faridabad (2) and Hisar (1).

The licences were off on the orders of Jitender Sihag, DTCP’s chief city planner. officers same the developers have around Rs two hundred large integer outstanding as external development charge (EDC) dues for the comes, all of that ar in several stages of construction. “The developers are restrained from sale, purchase or group action in these comes. The licences are off and comes confiscated by the director, DTCP,” Bhuvesh Kumar, senior city planner, Gurugram, told TOI.

The developers are offered a window of sixty days to charm. If they clear dues and take away alternative discrepancies pointed by the DTCP, the licence will be revived, a political candidate same. If they fail to try to therefore, DTCP can seize the bank guarantee and alternative assets.

Kumar same consumers won’t be financially affected. “Buyers ought to manufacture their agreement and also the government can serve their liability at constant rate at that they’d purchased it from the builder. The govt. can offer the consumers either the property they reserved or the cash they need already paid, which can be recovered from the bank guarantee and alternative assets of the builder. consumers won’t be affected,” same Kumar.

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