Violence of the term of licence by the home builders.

Bhawna, Gurgaon

27th March 2015

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Replies (3)

Hi Bhawna,

As per my opinion, for this situation, however, CAG discovered the colonizer had prelaunched the venture - Cosmos City 2 in Sector 103 - in April 2012, and issued receipts for booking of pads to around 400 financial specialists. It had effectively gathered Rs 55 crore from level bookings, however building arrangements were affirmed just after a year.

Nishant Pathak, Gurgaon

27th March 2015

Comment

@ Bhawna,

As per sources, an share purchase assention was executed on December 18, 2012, between Era Landmarks (now Adel Landmarks), Identity Buildtech and Ansal Housing & Construction, for buy of 100% shareholding of Identity Buildtech Private Limited. It was not uncovered by Identity Buildtech that it had by then gathered Rs 55 crore from forthcoming purchasers. Neither has that sum been discounted, nor were pads/plots given to forthcoming purchasers.

Manisha Soori, Gurgaon

28th March 2015

Hi Bhawna,

The report further read, The ACS (Additional Chief Secretary) of DTCP had, suo motu, taken awareness of the news thing which showed up in the Times of India on July 4, 2014, for making a move against the colonizer.
According to CAG's feeling, expressed in the report, checking of such promotions and making brief move on developers included for the situation was DTCP's obligation. It focused on that DTCP ought to put set up a more viable framework to evade such anomalies, including observing of promotion of activities disregarding standards and exchange of shareholdings without imperative consents.

Sukhwinder Kher, Gurgaon

29th March 2015

Hi Bhawna,
According to the review discoveries, the DTCP executive general had issued guidelines to all senior town planners in the state to keep a tab on commercials on special of plots/flats in authorized private, business, modern and IT provinces, to check on the off chance that they were being issued according to DTCP's directions. In the event that any limited time material was promoted in repudiation of the directions, the engineer was to be told and activity launched to suspend its permit.

Bulbul Verma,

27th March 2015

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Hi Bhawna,

As per my knowledge, CAG review has refered to carelessness from Department of Town and Country Planning (DTCP), Haryana, in checking ads of the venture and changes in shareholding of designer firms. After Adel Landmarks Limited supposedly sold off 11.7 acres of land of project arrive on Dwarka expressway in the wake of tolerating 25% of the expense for pads from 400 real estate investors.

Nithin, Gurgaon

27th March 2015

Comment

@ Bhawna,
As per sources, the CAG report, tabled in Haryana gathering on the most recent day of its financial plan session on Wednesday, noticed that according to states of the permit issued to the developer - Identity Buildtech Private Limited in year April 2011 (then a backup of Adel Landmarks) - no ad available to be purchased of plots/pads were to be pitched before the building arrangements were sanction.

Karthik, Gurgaon

27th March 2015