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The Haryana Real Estate Regulatory Authority (H-RERA) has imposed a INR 50 lakh penalty on a prominent builder for promoting its Gurugram project, without registration. As per RERA norms, developers must secure approvals before marketing projects. H-RERA has also fined three other developers INR 25 lakh each for project delays and seized INR 2.2 crore in security deposits from six firms for non-compliance. This crackdown signals stricter enforcement to protect homebuyers and ensure transparency in real estate marketing and project execution.
The Haryana Real Estate Regulatory Authority (H-RERA) has imposed a INR 50 lakh penalty on Birla Estates Pvt Ltd for advertising its group housing project, Birla Akira, in Gurugram without registration. This action highlights the regulator's strict enforcement of the Real Estate (Regulation and Development) Act, 2016, which prohibits developers from marketing projects before obtaining approval. Advertisement
Birla Estates had begun promoting Birla Akira in sectors 31 and 32A before receiving official registration. According to Section 3 of the Act, developers must first secure a registration certificate before advertising or selling properties. H-RERA has made it clear that Birla Estates will only receive the necessary approvals after fulfilling pending documentation, completing the online DPI process, and paying the penalty.
This is part of a broader crackdown by H-RERA to ensure compliance in the real estate sector. Along with Birla Estates, three other developers have been fined INR 25 lakh each for missing project deadlines under Section 4(2)(1)(C) of the Act. Additionally, the regulator has seized security deposits worth INR 2.2 crore from six developers, including 1000 Trees Housing, Keystone World, JMK Holdings, TARC Ltd, Mapsko Builders, and Aviana Green Estates, for failing to adhere to registration conditions.
Industry experts suggest that such penalties signal a shift towards stricter regulatory oversight, aiming to protect homebuyers from misleading promotions and delayed projects. The increased scrutiny is expected to push developers to comply with regulations before launching new projects, ensuring greater transparency in the sector.
H-RERA has also issued a strong warning to Birla Estates and other developers, stating that any future marketing of unregistered projects could result in even stricter penalties and legal consequences. This move is expected to set a precedent for real estate regulations, reinforcing accountability in project execution and sales practices.
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