Wednesday, November 29, 2006
Govt to crack whip on pre-launch projects
Govt to crack whip on pre-launch projects
Directive against fly-by-night operators to be implemented in Haryana
Ravi S.Singh
Tribune News Service
Gurgaon, November 28
The government is understood to have decided to take strict action against ‘pre-launches’ of unauthorized colony projects, especially those falling in the National Capital Region (NCR).
The directive against the fly-by-night operators is said to have come from Chief Minister Bhupinder Singh Hooda.
According to a senior officer, the stern measure is on account of colonizers, developers and brokers colluding for the pre-launch of projects for which no license is procured.
According to the rules, private parties can set up colonies and apartments in areas other than HUDA sectors. This area is technically called ‘licensed’ area. The private parties need to procure a license from the Town and Country Planning department for the projects.
Gurgaon and other areas in the NCR zone fall in a ‘high potential zone’ and the value of land is on the higher side here. In the high potential zones, a colonisers/developer needs at least 100 acres to float a colony. Besides, they need to have some other approvals.
However, the colonizers/builders often go in for pre-launches with tempting promises and glossy brochures, inviting bookings for the purchase of flats and plots. There have been occasions when the pre-launches were done by the operators even without having the requisite land in their possession for the advertised projects.
Even when they had, they could not procure licenses. In the process, a gullible purchaser fell for the bait and lost his hard-earned money.
Recently, the government got a case registered against M/s N.Buildcom and its dealers for carving out an illegal colony in violation of the provisions of Punjab Scheduled Roads and Controlled Areas Act, 1963 and Urban
Areas Act, 1975 for allegedly carving out a colony illegally in the controlled area of Manesar in this district and booking the plots through some dealers. Seven well-known dealers were named in the complaint.
In another development, there was a complaint regarding the unauthorized colonization in proposed Sector 19, Dharuhera in Rewari district and in Sector 89, Faridabad by M/s Ferrous Infrastructure (P) Ltd which has its headquarters at Greater Kailash in the national Capital. So much so that the alleged firm had placed advertisements in a leading English daily wherein it publicized its upcoming projects in NCR which in fact were for Dharuhera and Faridabad. The advertisements were misleading as the firm was concealing the name of Dharuhera and Faridabad falling in Haryana.
Actually the name of Dharuhera and Faridabad was being avoided in the advertisements to circumvent the laws pertaining to Haryana and to preclude the state from taking timely action.
It is a known fact that prompt action by the government against such land deals is very important. Any delay allows the operators to make huge money. The public then finds it hard to recover their money from the operators.
In the case relating to the projects in Dharuhera and Faridabad, the firm along with its agents cheated the public out of more than Rs 500 crore.
Directive against fly-by-night operators to be implemented in Haryana
Ravi S.Singh
Tribune News Service
Gurgaon, November 28
The government is understood to have decided to take strict action against ‘pre-launches’ of unauthorized colony projects, especially those falling in the National Capital Region (NCR).
The directive against the fly-by-night operators is said to have come from Chief Minister Bhupinder Singh Hooda.
According to a senior officer, the stern measure is on account of colonizers, developers and brokers colluding for the pre-launch of projects for which no license is procured.
According to the rules, private parties can set up colonies and apartments in areas other than HUDA sectors. This area is technically called ‘licensed’ area. The private parties need to procure a license from the Town and Country Planning department for the projects.
Gurgaon and other areas in the NCR zone fall in a ‘high potential zone’ and the value of land is on the higher side here. In the high potential zones, a colonisers/developer needs at least 100 acres to float a colony. Besides, they need to have some other approvals.
However, the colonizers/builders often go in for pre-launches with tempting promises and glossy brochures, inviting bookings for the purchase of flats and plots. There have been occasions when the pre-launches were done by the operators even without having the requisite land in their possession for the advertised projects.
Even when they had, they could not procure licenses. In the process, a gullible purchaser fell for the bait and lost his hard-earned money.
Recently, the government got a case registered against M/s N.Buildcom and its dealers for carving out an illegal colony in violation of the provisions of Punjab Scheduled Roads and Controlled Areas Act, 1963 and Urban
Areas Act, 1975 for allegedly carving out a colony illegally in the controlled area of Manesar in this district and booking the plots through some dealers. Seven well-known dealers were named in the complaint.
In another development, there was a complaint regarding the unauthorized colonization in proposed Sector 19, Dharuhera in Rewari district and in Sector 89, Faridabad by M/s Ferrous Infrastructure (P) Ltd which has its headquarters at Greater Kailash in the national Capital. So much so that the alleged firm had placed advertisements in a leading English daily wherein it publicized its upcoming projects in NCR which in fact were for Dharuhera and Faridabad. The advertisements were misleading as the firm was concealing the name of Dharuhera and Faridabad falling in Haryana.
Actually the name of Dharuhera and Faridabad was being avoided in the advertisements to circumvent the laws pertaining to Haryana and to preclude the state from taking timely action.
It is a known fact that prompt action by the government against such land deals is very important. Any delay allows the operators to make huge money. The public then finds it hard to recover their money from the operators.
In the case relating to the projects in Dharuhera and Faridabad, the firm along with its agents cheated the public out of more than Rs 500 crore.
Labels: Faridabad, Gurgaon, Real Estate
