Haryana RERA strips Orris Infra and The 3C of their rights over prime land

Haryana RERA strips Orris Infra and The 3C of their rights over prime land
31/07/2018 , by , in News/Views

In the first such action of its kind, the Gurugram bench of the Haryana Real EstateRegulatory Authority (HARERA) has not only pulled up realty developers for delaying a project but also stripped them of their rights over prime land.
In a matter related to the Greenopolis Project being developed on 47 acres in Gurugram, the authority has restrained both the joint developers Orris Infrastructure and The 3C Shelters from alienation or creation of any kind of rights, encumbrance, sale, transfer on remaining available 10 acres of prime land until further orders.

It has also appointed a financial auditor and quantity surveyor for due diligence exercise of the project. For the first time any real estate authority in the country has taken the initiative to find a solution to a delayed and stuck project.

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