The real estate regulatory authority (RERA), Gurugram, has rejected the project extension application of Godrej Developers and Properties LLP on the ground of prolonged non-compliances of the Real Estate (Regulations & Development) Act 2016.
Godrej Properties is developing a group housing project Godrej Air Phase 4 at Sector 85 in Gurugram.
The Authority in an order said that despite many reminders, the promoter of Godrej Air phase 4 project failed to rectify deficiencies in the application, including renewal of the licence and details related to bank balance provided in quarterly progress report (QPR) and CA certificate had a mismatch.
The promoter had obtained the RERA registration in December 2018 and the same was valid up to June 2023 by which the promoter had to complete the housing project. Godrej applied with RERA Gurugram seeking further extension of the registration to complete the project, moving an application under Section 6 of the RERA Act.
The real estate regulator said that during the scrutiny of the application, the Authority observed many deficiencies in the application and asked the promoter to rectify the same.
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“The Authority granted ample time to promoter to remove the deficiencies mandatory to obtain extension of the registration. The Authority sent a final a show cause notice in February this year to the promoter for rejection of the application and it did not receive any reply from the promoter. Keeping in view the above facts, the Authority rejects the application for extension of registration of the project. Further, the bank account of the project be frozen and compliance letter to this effect be sent to the bank,” said the order of the Authority.
The Authority has also warned Godrej Properties against creating any third-party rights and has cautioned the general public to refrain from booking any property in the project.
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"Godrej Promoters & Developers LLP had filed an application for grant of extension of RERA Registration Certificate for its project Godrej Air Phase 4 (Retail), wherein requirement of certain compliances were raised by the Authority. We have continuously been responding to the queries raised by the Authority and we have been submitting the relevant documents with the Authority. We are in the process of making a representation in front of the authority requesting them to set aside the interim directions passed in this order," a spokesperson of the company said.
Godrej Properties sold inventory worth Rs 2,690 crore in Godrej Reserve in Kandivali, Mumbai in Q4FY24, offloaded inventory worth over Rs 2,875 crore in Godrej Aristocrat and achieved sales worth over Rs 2,000 crore in its project, Godrej Tropical Isle in Noida in Q2 FY24.
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