The Real Estate Regulatory Authority (Rera) in the state has imposed a hefty penalty of Rs 50 lakh on Birla Estates Pvt Ltd for promoting an unregistered housing project, violating key provisions of the Real Estate Act of 2016.
The regulatory body found that Birla Estates had begun advertising its upcoming group housing project, Birla Akira, in sectors 31 and 32A before receiving official registration approval. Section 3 of the Real Estate (Regulation and Development) Act, 2016, restricts developers from marketing projects without prior registration from the authority.
H-Rera made it clear that Birla Estates would receive its registration certificate only after fulfilling three conditions — submitting remaining documentation, completing the online DPI process, and paying the Rs 50 lakh penalty.The authority’s crackdown extended beyond Birla Estates, with three other developers each receiving Rs 25 lakh fines for failing to meet project timeline commitments under Section 4(2)(l)(C) of the RERA Act.
In a separate action, H-RERA ordered that security deposits worth Rs 2.2 crore be seized from six developers for violating registration conditions. The affected companies include 1000 Trees Housing, Keystone World, JMK Holdings, TARC Ltd, Mapsko Builders, and Aviana Green Estates.
The authority issued a stern warning to Birla Estates and other developers, emphasising that any future marketing of unregistered projects would face more severe legal consequences. “The promoter M/s Birla Estates Pvt Ltd is advised not to indulge in or allow any other entity to sell units in unregistered projects, failing which legal consequences shall follow,” the order stated.
