50% Of The Construction To Be Finished Within 2 Years To Avoid Fine-HUDA

HUDA

On Monday, May 8, Haryana Urban Development Authority (HUDA) ordered the allottees, who had been allotted plots in HUDA sectors to complete at least half of the construction within 2 years of the construction gets approved in lay outs. If any of the projects defaults this timeline, it will have to foot the bill of heavy penalty to have extended time period of another year to meet the condition and also retaining the ownership of the same plot.

A noticed issued on this Monday, where HUDA has ordered 1060 landowners under HUDA jurisdiction (officer-I) to finish the minimum amount of development by March 2019. As per the notice it’s compulsory to complete construction on at least 50% of the acceptable ground coverage, and obtain occupation certificates (OC) by March 2019. Felons will be accountable to pay additional fee as per the rates prearranged in the extension policy of HUDA.

Copies of this notice have also been lined with the administrative and the account department of the state. Plot owners infringe this timeline HUDA will charge penalties from them invariably. This new policy is the revised version of HUDA policy in January. Residential/Commercial/ Institutional any development need to complete their construction within the measured timeframe. HUDA has the power to make these plot owners lose their allotment, if there’s no completion of the construction within 15 years. Under this revised rule HUDA will provide OC to the projects which have at least finished 25% of their developments instead of 10% as it used to provide for earlier.

The decision has taken on the count of vacant lands, even after several years of allotment, which eventually causes huge property tax for HUDA. Coming next to this amendment HUDA also has conducted a survey which will analyze the exact count of plots which have less than 50% development. HUDA has by issued notice to 1060 plot owners under the real estate officer-I, another 4000 allotees under the jurisdiction of officer-II are also found to be withstanding the norms and will be served notice soon. Within 2 years of allotment various sectors should start their respective constructions.

Welcoming the move by Haryana Government the RERA expert of WB Mr. Mahesh Somani said,” It’s a positive initiative taken by the government, for pushing developers to wrap up their respective projects without any delay. Mostly it’s seen in flats in Rajarhat where merely 25% construction happened in 4-5 years after the plot allotment. I genuinely think Bengal Govt. should introduce such stringent norms to expedite project development.”

-LNN(Liyans News Network)

2 thoughts on “50% Of The Construction To Be Finished Within 2 Years To Avoid Fine-HUDA”

  1. Excellent posts.I am very happy to read this. This is the kind of manual that needs to be given and not the random mis information that’s at the other blogs.

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