The RERA in Chhattisgarh directs the housing board to assume over and develop a residential project.

RAIPUR: In a first of its kind, the Chhattisgarh Real Estate Regulatory Authority (RERA) has issued an order transferring the Nardaha-based private housing project – City of Valencia – to the Chhattisgarh Housing Board in the best interests of the project’s plot holders.

The RERA took this action after basic facilities such as a road, electricity, water, and sewerage were promised by the project’s promoter, Aftab Siddiqui, in the brochure but were not built even after five years.

The promoter had brought a housing project of 1072 plots in Nardaha and promised all basic amenities, but even after five years, no development work had been done in the project.

Following the plot holders’ complaint, RERA decided to hand over the project to the Chhattisgarh Housing Board, which will now take possession of the project and provide RERA with an action plan for the development of necessary basic facilities within two months.

According to RERA president Vivek Dhand, 130 project plot holders filed a complaint with the RERA in 2019 alleging non-completion of development work.

During the hearing of these complaints, it was revealed that the promoter of this project had obtained development authorization in 2010 to build a well-equipped residential colony with a total of 1072 plots in this project, and a brochure of the same had been released.

A total of 691 plots in the project were sold, resulting in a profit of Rs 41 crore. This project was supposed to be finished by 2015, but even after 6 years, no development work had been done. According to the rules, the promoter did not even register the project under RERA.

According to the RERA president, the project was handed over to the Chhattisgarh housing board in accordance with a Supreme Court order. The Housing Board will also record this project in RERA in accordance with the rules. The Raipur district collector has been directed to take the necessary steps to transfer this project.

After the project is transferred, the Chhattisgarh Housing Board will have the right to develop it and sell the mortgaged and unsold plots. The Chhattisgarh Housing Board will also have the authority to execute the registered sale deeds and collect the sale proceeds.

After finalizing the development construction of the project in the prescribed time period and according to the estimate and work plan, the Chhattisgarh Housing Board will transfer the project to the housing society for the purpose of maintenance.