An order has been handed by the Chhattisgarh Real Estate Regulatory Authority (RERA) at hand over the Nardaha-based personal housing venture ‘City of Valencia’ to the Chhattisgarh Housing Board within the curiosity of allottees. This motion has been taken by RERA as a consequence of non-development of fundamental amenities like street, electrical energy, water, sewerage as proven within the brochure by the promoter of the mentioned venture Mr. Aftab Siddiqui. In 2010, the promoter promised to organize a housing venture of 1072 plots in Nardaha and develop all the fundamental amenities there, however even after 5 years of beginning the venture, no growth work was completed within the mentioned venture. After the criticism by the plot allottees in RERA, the entire matter was heard and within the curiosity of the plot allottees it was determined at hand over the mentioned venture to the Chhattisgarh Housing Board. Chhattisgarh Housing Board will now take possession of this venture and hand over the motion plan for the event of needed fundamental amenities to RERA inside two months.
RERA President Mr. Vivek Dhand mentioned that 130 allottees of City of Valencia, Nardaha, Raipur, introduced a criticism earlier than the Chhattisgarh Real Estate Regulatory Authority (RERA) in 2019, complaining about non-completion of the event work of the venture. During the listening to of this criticism, it got here to mild that the promoter of this venture, Mr. Aftab Siddiqui Naya Para, Raipur, had obtained growth permission within the 12 months 2010 to assemble a well-equipped residential colony of complete 1072 plots on this venture and a brochure of the identical was issued. The sale of plots was publicized by way of the company, on account of which Rs 41 crore 3 thousand had been obtained by promoting 691 plots. The quantity acquired by the promoter from the allottees was not invested for the event of the venture. This venture was to be accomplished by 2015, however even after 6 years of completion, no growth work was completed on the mentioned venture. The venture was not even registered beneath RERA by the promoter as per guidelines. Due to the stalled growth of the mentioned venture, in compliance with the directions issued by the Supreme Court on this regard in reference to the writ case no. The order was handed giving precedence to the completion of the event work. In this listening to, the promoter of the venture Mr. Aftab Siddiqui was given full alternative to current his case. The plot allottees had additionally demanded to get the event work completed within the venture from the Chhattisgarh Housing Board.
As per the order handed by RERA, Chhattisgarh Housing Board will submit the venture growth motion plan to RERA inside two months after acquiring all needed permissions for the event of the mentioned venture. Housing Board may also register this venture in RERA as per the principles. In the handed order, Collector Raipur has been requested to take needed motion for the switch of this venture. Chhattisgarh Housing Board may have the best to develop the venture and promote the mortgaged and unsold plots after the venture is transferred. The Chhattisgarh Housing Board may also have the best to execute the registered sale deed of the plots and obtain the sale consideration. If the quantity of the plot offered by any former allottee stays to be paid, then the Chhattisgarh Housing Board shall be entitled to obtain the mentioned quantity. The Housing Board will ship a month-to-month report relating to the progress of the event work of the venture and the quantity acquired from the sale of the plots to RERA and Collector Raipur. Chhattisgarh Housing Board will switch the venture to the resident committee for the aim of upkeep after finishing the event work of the venture within the prescribed time interval as per the estimate and work plan.
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