Now Reading: DTCP cancels Ocean Seven licence for Gurugram project
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DTCP cancels Ocean Seven licence for Gurugram project
The Haryana Directorate of Town and Country Planning (DTCP) has cancelled the licence of Ocean Seven Buildtech for its Expressway Towers affordable housing project in Gurugram's Sector 109. The August 7 order…
The Story in Brief
The Haryana Directorate of Town and Country Planning (DTCP) has cancelled the licence of Ocean Seven Buildtech for its Expressway Towers affordable housing project in Gurugram's Sector 109. The August 7 order cites prolonged delays, non-compliance, and lack of substantial construction since the licence was first granted in June 2016.
The Expressway Towers Gurgaon Buyers Association, which had petitioned the government in March, welcomed the move. DTCP has ordered the land and buildings to vest with the government and barred further alienation. The department noted that funds collected from homebuyers appeared to have been diverted. An FIR was registered in August 2025, and the Enforcement Directorate is investigating. The buyers are now pushing for Rule 19 implementation, which could appoint a third-party agency to complete the stalled project.
The Indian Opinion
The usual spin of 'delays due to external factors' collapses when a developer collects money for a decade without building a single brick. Both the Haryana enforcement bureau and the Enforcement Directorate are now looking into diversion of homebuyers' funds. The real test now is whether Rule 19 actually delivers a new developer who completes the project, or whether buyers will be left chasing another paper promise. Until a final completion certificate is issued, every claim of 'resolution' remains just that.
Source: realty.economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
