DTCP asks patrons to chorus from investing in 15 initiatives in Gurugram with cancelled licenses

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The division of city and nation planning (DTCP), which has cancelled at the least 15 actual property venture licences within the final 5 years in Gurugram, on Tuesday ready an advisory asking house patrons and buyers to not make investments their cash in these initiatives.

DTCP officers refused to share the title of the initiatives, and mentioned that they may concern the checklist subsequent week.

“If somebody has already purchased items in these initiatives then they need to submit particulars of the property paperwork and receipts of the funds made to those entities on the earliest,” the division mentioned within the advisory.

Officers mentioned the choice to concern an advisory was taken after it got here to mild earlier this month that over 1,500 patrons had been caught after the licence of an reasonably priced venture in Sector 68, which was being developed by Mahira Infratech, had been cancelled.

DTCP officers mentioned that a number of patrons of different initiatives quickly got here ahead and complained that that they had invested their hard-earned cash to purchase flats however the initiatives had been going nowhere and their funding was in limbo.

Sanjeev Mann, senior city planner, mentioned that patrons ought to chorus from investing within the initiatives listed within the advisory as their licences have been cancelled and investments in these initiatives will get caught. “Recent investments shouldn’t be made as these initiatives are caught attributable to a number of authorized points and moving into these initiatives will make issues tough for buyers,” he mentioned.

DTCP officers mentioned that licences of those initiatives had been cancelled attributable to a number of causes akin to failing to satisfy situations of the licence settlement, not fulfilling contractual agreements, authorized points over land possession, variations amongst promoters, and different violations of guidelines.


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