Now Reading: HARERA warns against buying in unregistered Gurugram projects
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HARERA warns against buying in unregistered Gurugram projects
The Haryana Real Estate Regulatory Authority (HARERA) in Gurugram has issued a public advisory cautioning homebuyers not to invest in unregistered real estate projects. The authority said it had noted misleading advertisements…
The Story in Brief
The Haryana Real Estate Regulatory Authority (HARERA) in Gurugram has issued a public advisory cautioning homebuyers not to invest in unregistered real estate projects. The authority said it had noted misleading advertisements for unapproved projects and directed promoters to stop pre-launch ads and promotional offers.
HARERA urged buyers to verify project details, including the RERA registration number and certificate, on its portal. It warned that marketing or purchasing units in unregistered projects violates the Real Estate Act, 2016, and that facilitating such transactions without agent registration is punishable under Section 59(2) of the Act.
The Indian Opinion
Homebuyers, already scarred by stalled projects and vanishing builders, need this HARERA warning as a timely reminder. The common narrative, that RERA registration is just procedural paperwork, has enabled fly-by-night promoters to lure buyers with glossy pre-launch brochures. The real test is whether HARERA will enforce Section 59(2) with genuine penalties against repeat offenders, or whether this advisory remains another piece of paper. How many unregistered projects will it name and prosecute in the next quarter?
Source: hindustantimes.com
This story was synthesised by AI from the source linked above.
