Comply with norms or face action, realtors told - ECAS Punjab

Comply with norms or face action, realtors told

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Ludhiana, August 26

The Real Estate Regulatory Authority (RERA), Punjab, has put promoters of 18 unregistered real estate projects across the state on final notice for compliance through personal appearance, failing which ex-parte proceedings would be initiated while deciding the matter for imposition or recovery of penalty.

In case of five city-based developers (out of 18), upon whom penalty was imposed for contravention of Section 3 of the Real Estate (Regulation amp; Development) Act, 2016, a final opportunity has been given for personal appearance, failing which recovery warrants would be issued and served through the District Magistrate concerned.

A public notice was served under Section 3 of the Act to 13 promoters located at various places in Punjab. RERA said the promoters were required to register their projects with the authority within three months of the commencement of the Act i.e. by July 31, 2017.

The defaulting promoters have been provided with one last opportunity to defend themselves by appearing before the authority personally or through their authorised agent on the dates intimated in the public notice. — TNS

from The Tribune

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