Haryana RERA serves notice to Ramprastha Promoters & Developers
GURUGRAM: Real Estate Regulatory Authority (HRera) has issued a show-cause notice to Ramprastha Promoters & Developers Pvt. Ltd, Warning them to Comply with pending Orders or face civil Imprisonment.
The move Came just days after Enforcement Directorate ED arrested the Company’s Directors, Arvind Walia and Sandeep Yadav, in a Rs 1,100 crore money laundering case involving over 2,000 duped homebuyers.
"Show cause as to why you, being promoters, should not be detained in civil prison- under section 40(1) of the Real Estate ( Regulation and Developments) Act, 2016- for a term not exceeding three month for failing to comply with the Authority’s Orders, “ reads the strongly- worded notice issued by HRera on Tuesday.
The Next date of hearing is fixed for Aug 8 HRERA Gurgaon bench earlier passed several orders_ starting as far back as 2020 _ directing to refund approximately Rs 3 Crore to Complainants who were denied possession despite booking homes over a decade ago.
However, the promoters repeatedly failed to comply with these rulings. As per ED investigations, Ramprastha collected approximately Rs 1,100 crore from over 2,000 homebuyers across projects such as Edge, Skyz, Rise and Ramprastha City located in Sectors 37D, 92 and 95 in Gurgaon.
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