ADEL Landmarks faces ban on property sale, booked for flouting licence norms

RWA president Manoj Grover said Era Skyville was launched around end-2010 and it took a year for the company to start issuing allotment letters and builder-buyer agreements.

GURGAON: Ritu Bain booked a flat in Skyville of ADEL Landmarks Ltd (earlier known as Era Landmarks Ltd) in Sector 68 in 2010, with the hope of moving into her own house soon after. Six years later, having paid 50-60% of the value, she is nowhere close to getting it delivered.

Her dream shattered, she has taken a sabbatical from her high-paying job to fight for possession of her house. She is bringing together all affected homebuyers under the banner of Era Skyville RWA. “There are several hundred homebuyers affected by irregularities in the project. So far, over 100 people have joined us in a fight to get houses delivered,” said Ritu, adding they have paid around Rs 30-40 lakh, but till now barely 20% of construction has been completed. In fact, construction has stopped for the last two-and-a-half years.

RWA president Manoj Grover said Era Skyville was launched around end-2010. “It took a year for the company to start issuing allotment letters and builder-buyer agreements (BBA),” said Grover, adding some initial buyers were lucky to get their BBAs signed.

“Soon after, the developer started handing out a fresh BBA, which showed timeline of possession as 54+6 months, against the original 36+6 months,” he said.

Many buyers refused to sign the new BBAs and moved court instead, following which, ADEL was booked for irregularities, he added.

Assistant town planner R S Batth said after taking the license, the company had launched the project without getting building or layout plans approved. “This is violation of terms of the license,” said Batth. ATP (enforcement) Narendra Kumar said an FIR has been registered against the company and its directors for violation of license conditions.

DTCP’s director general has issued a notice on May 17, advising people not to buy/sell properties of ADEL. “The order also restrains the company from creating third-party rights on land and buildings in its possession. Thus, the company cannot sell its assets,” said DTCP planning officer Jaibir Sharma.

The developer of the project, though, hopes to resolve all issues and complete the project.

“We’re giving a reply to the DTCP notice and hope everything will be resolved soon. We’re equally concerned about buyers, and are taking all efforts to complete the project,” said Arun Singh of ADEL Landmarks Limited.

Source: http://realty.economictimes.indiatimes.com/news/residential/adel-landmarks-faces-ban-on-property-sale-booked-for-flouting-licence-norms/52513479

 

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