In what could be a trend setter for the realty industry, the Haryana Real Estate Regulatory Authority (HRERA) is all set to supervise directly an incomplete residential project in Gurugram and has already seized the bank accounts of the developers concerned. Real estate developer Orris and Three C-Shelter Infrastructure allegedly cheated homebuyers who invested in the developer’s project proposed in Sector 89 in Gurugram. Quantum Infrastructure has been assigned the task to conduct quantity survey of the stalled project.
Orris had obtained licence for the residential project over a 47-acre plot in 2011 and later signed a contract with Three C-Shelter Infrastructure. Three C-Shelter Infrastructure was supposed to construct all the flats or houses with 35 per cent share with Orris but failed to do so. Both firms allotted 1,862 units and were supposed to deliver all units by Dec 2015 but they did not keep their promise. Allottees had paid more than 80 per cent of the amount against units they booked but to date, just 40 per cent work has been completed.
Acting on the grievances of homebuyers of Greenopolis, the incomplete residential project, HRERA has appointed M.S. Turan as the Investigation Commissioner. The probe will be completed in a stipulated time frame and the Investigation Commissioner will submit its report in two months.