Projects with cancelled licence may lose land

Gurgaon: HSVP (Haryana Shahari Vikas Pradhikaran) is more likely to take over the land of 9 Gurgaon colonies, whose licenses have been cancelled through DTCP. The department has formed a committee chaired through the HSVP administrator to explore ways to take ownership of the land.
On Tuesday, the committee comprising HSVP administrator, district town planner and senior town planner held a meeting with representatives of the developers whose licenses have been cancelled, and directed them to publish details of land, possession, third celebration rights if any, amount of money they may have raised from investors/consumers, and if that they had were given constructions approved or begun construction. According to the officers, normally, construction hasn’t begun at the tasks, indicating the lands are barren.

Earlier, DTCP had cancelled licenses of 9 developers with residential and industrial tasks in sectors 37, 74, 81A, 88, 95, 102, 107, 108, 110 and 114. All these sectors are alongside Dwarka Expressway, barring Sector 74, which is alongside Southern Peripheral Road (SPR). The builders have been restrained from sale, purchase or another transaction related to those tasks.

The licences had been cancelled for a range of reasons, reminiscent of non-payment of external construction fees (EDC) and financial institution guarantees, now not starting construction, now not renewing licences, non-compliance with DTCP construction norms, and so on. According to sources, DTCP is yet to obtain Rs 200 crore in EDC from builders involved in these tasks.

After cancelling the licenses, the DTCP director directed the Gurgaon deputy commissioner to arrange an evaluate of the homes and liabilities of the developers and tasks. If HSVP takes over the land of a project, it would be the first time that an urban construction authority will take ownership of land from a personal developer for failing to pay government dues, or failing to expand a project on time.

However, it’s still now not clear how the urban construction body, which is facing a monetary disaster, will in a position to expand these tasks, or what the destiny of these tasks would be. Officials claimed that investors and consumers would now not be affected by the transfer, as the federal government would handle their hobby. In case HSVP takes over a project, the federal government would fulfil investors’ liabilities, an authentic stated.

HSVP administrator Chandrashekhar Khare, who heads the committee, stated that they had a meeting with representatives of the involved developers to grasp what they feel in regards to the transfer. “We’ve requested them to publish details of the tasks,” stated Khare.

District town planner R S Batth stated paintings on many of the tasks haven’t begun, and now they're checking whether developers had created any third celebration rights. “The department has installed forums on these plots, informing passersby to not invest in these tasks,” stated Batth.

Gurgaon: Haryana Shahari Vikas Pradhikaran (HSVP) is more likely to take over the land of 9 Gurgaon colonies, whose licences have been cancelled through DTCP. The department has formed a committee chaired through the HSVP administrator to explore ways to take ownership of the land.

On Tuesday, the committee comprising HSVP administrator, district town planner and senior town planner held a meeting with representatives of the developers whose licences have been cancelled, and directed them to publish details of land, possession, third celebration rights if any, amount of money they may have raised from investors/consumers, and if that they had were given constructions approved or begun construction. According to the officers, normally, construction hasn’t begun at the tasks, indicating the lands are barren.

Earlier, DTCP had cancelled licenses of 9 developers with residential and industrial tasks in sectors 37, 74, 81A, 88, 95, 102, 107, 108, 110 and 114. All these sectors are alongside Dwarka Expressway, barring Sector 74, which is alongside Southern Peripheral Road (SPR). The builders have been restrained from sale, purchase or another transaction related to those tasks. The licences had been cancelled for a range of reasons, reminiscent of non-payment of external construction fees (EDC) and financial institution guarantees, now not starting construction, now not renewing licences, non-compliance with DTCP construction norms, and so on. According to sources, DTCP is yet to obtain Rs 200 crore in EDC from builders involved in these tasks.


After cancelling the licences, the DTCP director directed the Gurgaon deputy commissioner to arrange an evaluate of the homes and liabilities of the developers and tasks. If HSVP takes over the land of a project, it would be the first time that an urban construction authority will take ownership of land from a personal developer for failing to pay government dues, or failing to expand a project on time.


However, it's still now not clear how the urban construction body, which is facing a monetary disaster, will in a position to expand these tasks, or what the destiny of these tasks would be. Officials claimed that investors and consumers would now not be affected by the transfer, as the federal government would handle their hobby. In case HSVP takes over a project, the federal government would fulfil investors’ liabilities, an authentic stated.


HSVP administrator Chandrashekhar Khare, who heads the committee, stated that they had a meeting with representatives of the involved developers to grasp what they feel in regards to the transfer. “We’ve requested them to publish details of the tasks,” stated Khare. District town planner R S Batth stated paintings on many of the tasks haven’t begun, and now they're checking whether developers had created any third celebration rights. “The department has installed forums on these plots, informing passersby to not invest in these tasks,” stated Batth.


Projects with cancelled licence may lose land Projects with cancelled licence may lose land Reviewed by Kailash on March 27, 2019 Rating: 5
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