Haryana RERA recovers Rs 1,170 crore from defaulting developers

Haryana RERA recovers Rs 1,170 crore from defaulting developers
18/11/2017 , by , in News/Views

Haryana RERA have recovered an amount of Rs 1,170 crore from defaulting developers and authorities are expecting that at least Rs 2,000 crore will be recovered from them as they fall in line.

Also, Haryana’s permanent regulatory authority is expected to be in place in a fortnight and the Real Estate Regulatory Authority’s portal may finally get operational by December 31 this year, said Dilbag Singh Sihag, executive director of Haryana RERA committee.

The regulator’s portal which is being developed in-house is expected to have a system by which developers can be graded based on the quality of their projects and delivery record. The portal is expected to be up and running by end of this year, he said. The H-RERA committee is also planning to send notices to real estate developers in Haryana who have not complied with RERA norms.

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