Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Property registrations and sales in Gurugram's Valley View Estate have been suspended after the development licence issued in 1994 to BSF Co-operative House Building Society Ltd. lapsed in 2011 and remained unrenewed. The Haryana DTCP has instructed authorities to make a red entry in revenue records, preventing all transactions until fresh approvals are secured. Despite repeated notices and a regulatory hearing last December, the society admitted it could not renew the licence. The move affects both existing residents and prospective buyers, reflecting the strict regulatory enforcement in Gurugram's real estate sector.
The Haryana Department of Town and Country Planning (DTCP) has stopped the execution of sale deeds and property registrations in Valley View Estate, a 21.61-acre group housing colony in Gwalpahari, Gurugram, due to a lapsed development licence. The licence, originally granted in June 1994 to BSF Co-operative House Building Society Ltd., was valid only until June 2011. Renewal under the planning rules was required at least a month before expiry, but the society did not file for it on time despite repeated reminders. Advertisement
During a regulatory hearing held last December, society representatives admitted they were unable to renew the licence even after paying the necessary charges. In response, DTCP directed the sub-registrar and district authorities to enter a red entry in official revenue records, effectively preventing the registration of any property transactions in the colony until the licensing issue is resolved or fresh approvals are obtained. The order has also been sent to the deputy commissioner and other relevant officials to ensure strict compliance.
The suspension of registrations affects both current residents and potential buyers, leaving property transactions in limbo. Officials noted that no registration of flats, plots, or other units will be allowed until further instructions, emphasizing the importance of up-to-date approvals to maintain legal validity. This is not the first instance of regulatory action in the region; DTCP has previously halted transactions in multiple societies where licences had expired or dues were pending, highlighting the strict enforcement of planning regulations in Gurugram's real estate market.
The delay in renewing the licence and the resulting freeze on property sales is expected to have practical implications for owners seeking legal transfer of their units. Buyers looking to invest in the colony will also have to wait until the licensing situation is resolved. The DTCP has underlined that these measures are necessary to maintain regulatory compliance and ensure all developments meet statutory requirements.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
