RERA rejects Godrej’s project extension and freezes bank account
Aayush Goel
Gurugram, April 9, 2024: The project extension application of Godrej Developers & Properties LLP has been rejected and its accounts have been frozen by the Real Estate Regulatory Authority (RERA) Gurugram, owing to prolonged non-compliance of the Real Estate (Regulations & Development) Act 2016.
RERA said that despite many reminders the promoter of the project, which is Godrej Developers & Properties LLP, failed to rectify the deficiencies in the application, including the renewal of the licence and details related to bank balance provided in the quarterly progress report (QPR) and CA certificate also had a mismatch.
The promoter is developing a group housing project Godrej Air Phase 4 at Sector 85, Gurugram. They had obtained the RERA registration in December 2018 and the same was valid up to June 2023 by which the promoter had to complete the housing project.
They had applied with RERA Gurugram seeking further extension of the registration to complete the project, moving an application under Section 6 of the RERA Act.
The Authority said that they had given ample time to the promoters to rectify the deficiencies mandatory to obtain extension but they failed to do so. Hence the Authority sent a final show cause notice in February this year to the promoter for rejection of the application but still there was no response from the promoter.
“Keeping in view the above facts, the Authority rejects the application for extension of registration of the project. Further, the Bank Account of the project be frozen and a compliance letter to this effect be sent to the Bank,” said the order of the Authority.
The Authority has also warned promoters against creating any third-party rights and has cautioned the general public to refrain from booking any property in the project.