Residential Projects in Guruguram and Faridabad
GOVERNMENT OF INDIA
MINISTRY OF HOUSING AND URBAN AFFAIRS
RAJYA SABHA
UNSTARRED QUESTION NO. 1040
TO BE ANSWERED ON JULY 28, 2021
RESIDENTIAL PROJECTS IN GURUGURAM AND FARIDABAD
NO. 1040. DR. ANIL AGRAWAL
Will the Minister of HOUSING AND URBAN AFFAIRS be pleased to state:
(a) the number and names of the residential projects under construction in Gurugram and Faridabad at present;
(b) how many of them are registered under Haryana Real Estate Regulatory Authority (HRERA);
(c) whether it is a fact that most of the builders have not completed their projects even after 7-8 years as the investors/allottees are facing a lot ofdifficulties; and
(d) the action taken by Government against such builders who have not completed their projects so far?
ANSWER
THE MINISTER OF STATE IN THE
MINISTRY OF HOUSING AND URBAN AFFAIRS
(SHRI KAUSHAL KISHORE)
(a) to(d) ‘Land’ and ‘Colonization’ are State subjects. Ministry of Housing and Urban Affairs does not maintain data of real estate projects and details thereof. In order to protect the interest of home buyers and to ensure the transparency and accountability in the Real Estate Sector, Ministry of Housing and Urban Affairs has enacted The Real Estate (Regulation and Development) Act, 2016 (RERA). As per Section 20 of the RERA, the ‘Appropriate Government’ 1.e. States/Union Territories (UTS), 1s required to establish the Real Estate Regulatory Authority to regulate and develop the real estate sector in the concerned State/UT. Section 3 of RERA mandates registration of real estate project with Real Estate Regulatory Authority before any advertisement, marketing, booking, selling or offering for sale, or inviting persons to purchase in any manner. The Regulatory Authority is also required to publish and maintain a web portal, containing relevant details of all real estate projects for which registration has been given, for public viewing.
RERA also mandates promoter to declare the time period within which, real estate project has to be completed. Promoter 1s liable for refund of amount with interest and compensation, in case he fails to complete or is unable to give possession of apartment, plot, building to homebuyers as per the terms of the agreement for sale.RERA further provides for punishment upto 3 years of imprisonment and/or with fine, which may extend up to ten percent of the estimated cost of the real estate project, in case the promoter fails to comply with the orders, decisions or directions issued by Real Estate Regulatory Authority or Real Estate Appellate Tribunal.
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