Haryana RERA Fines Developers for Advertising without Registration
Haryana Real Estate Regulatory Authority (HARERA) has fined Gurgaon-based developer M3M and others of Rs three crore for advertising about the project without getting it registered with the authority. The Haryana Real Estate Regulatory Authority, Gurugram has taken Suo-moto cognizance against promoter M3M Pvt. Ltd. and many others for advertising its unregistered projects despite repetitive directions but contrarily also found involved in derelictions. The authority imposed a penalty of Rs 2.5 crore on M3M for advertising boutique floors at project named “City of Dreams”, sector 89, Gurugram and a penalty of Rs 50 lakh was also imposed on it for another project Smart World Floors, Sector 61. A fine of Rs 50 lakh each was slapped on Smart World developers and Suposhaa Realcon Pvt who are partners in Smart World project at sector 61, Gurugram.
Tags : News/Views Developers Gurugram Real Estate Regulatory Authority Registration HARERA Haryana RERA Advertising