RERA takes over the project of the Builder to Complete

Ramesh Agrawal (LL.B. & CA)

Chhattisgarh’s Real Estate Regulatory Authority (RERA) has passed an order to hand over the private project i.e., City of Valencia located in “Narada” of Chhattisgarh district to Chhattisgarh Housing Board. This action is to safeguard the interest of plot allotees. Action was taken up against builder Aftab Siddiqui who was reluctant to develop the project & provide even the basic necessities such as Water, Electricity, Sewer, Road, etc. as mentioned in the brochure.

Builder prepared a housing project in Narada in 2010 of 1072 plots. Because of the attractive brochure and other unfair means he was able to sell 691 plots and collected over Rs 41 Crores from the public. Instead of developing the project, the builder siphoned off the funds. Project was supposed to be finished by 2015, no development work commenced even after 6 years.

Chhattisgarh’s RERA President Mr. Vivek Dhand said that 130 allottees of the project ‘City of Valencia’ located in Narada, Raipur, filed a complaint in 2019 with the grievance that the development work of the project was not completed. In the hearing, it came to light that the builder had obtained development permission in the year 2010 to construct a fully equipped residential colony with a total 1072 plots. After hearing of the case, the RERA Authority decided to hand over the project to the Chhattisgarh Housing Board in the interest of the plot allottees.

Now ownership of this project will be with Chhattisgarh Housing Board, and they will submit the action plan to RERA for the development of basic facilities in ‘City of Valencia’ within two months. In the order, the Raipur Collector has been asked to take necessary action for the transfer of the project and land to the Chhattisgarh Housing Board. He has been authorized to complete all the formalities.

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