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Approved Projects, License Renewal Status

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Approved Projects, License Renewal Status

Last updated: December 12 2012
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  • Approved Projects, License Renewal Status

    Hi
    Greetings

    Have been watching this market and am sure thinks are looking up as a lot of licenses of existing approved projects have been renewed recently. Many of these licenses were lying suspended for many years.

    Of the last months total 1800 acres License renewals across Haryana, Sonepat has had the Lions share with 450 acres appx being renewed.

    Details available on link LICENSE STATUS NOV 12 as per DTCP website.

    Lic No Date Developer Name Purpose Area SECTOR Dev Plan Colony Name Old Date New Date
    42-60 26/07/2005 Ansal Properties & Infrastructure Plotted 75.17 61 Sonipat ANSAL SON-61 RPL 25/07/2011 25/07/2013
    101-144 5/8/2005 Intime promoters . Plotted 108.723 61,58,69 Sonipat INTIME SON 58-69 RPL 4/8/2011 4/8/2013
    347-399 25/12/2005 Omaxe Construction Plotted 183.012 8,9,17,19 Sonipat OMAXE SON 8-9, 17-19 RPL 24/12/2007 24/12/2013
    956-991 15/05/2006 Maksad Estate and Hardware Plotted 70.694 18,19 Sonipat MAKSAD SON 18-19 RPL 14/05/2008 14/05/2013
    1129-1132 15/09/2006 Ansal Properties & Infrastructure Plotted 6.918 61,62 Sonipat SUS CITY SON 61-62-63-35 RPL 14/09/2008 14/09/2013
    203 6/8/2007 Everest Buildtech GH 10.18 61 Sonipat EVEREST SON-61 RGH 5/8/2009 5/8/2013

    Normally, builders need to get their outstanding, pertaining to EDC/IDC/EEDC/Penalties/Renewal Fees cleared, before licenses can be renewed.. Builders use the EDC/IDC money, as the penalty is only 12% for reputed builders. This is much less than 18-22% rate of interest at which builders are able to get finance.

    This practice is illegal but builders have partnership with ruling party and get this benefit. However, the overall development suffers as funds which the builders are supposed to collect from buyers, are not given to the govt . Currently 3500 cr of due edc is to be recovered across haryana, as per govt records.

    Hopefully, a lot of possessions would therefore be offered soon and may be development.

    Cheers
    Last edited December 11 2012, 03:46 PM.
  • #2

    #2

    Re : Approved Projects, License Renewal Status

    i had asked u bfr too in sum othr thread bt dint get a reply..
    asking again..
    nw suppose sumone bought, took possession and did registry in one of the plots in ansals (assumption) in 2010. so now whthr ansal gets license renewed or not, how will it effect him if he is already living in a house thr purchased in 2010 ?

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    • #3

      #3

      Re : Approved Projects, License Renewal Status

      License is required till the possession of property is not offered. Once that is done it does under rwa, maintenance authority for apartments, huda for plots

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      • #4

        #4

        Re : Approved Projects, License Renewal Status

        Originally posted by gaurav_chugh View Post
        License is required till the possession of property is not offered. Once that is done it does under rwa, maintenance authority for apartments, huda for plots
        what if a people hav already taken possession of their property in a society which is offering new properties in upcoming years ? these days builders dont give possession to all flats/ villas etc in 1 go. they do it over a period of 3-4 years in phases. what if sumone has already taken possession/registry done in lets say phase 1 wherease phase 2 or phase 3 is still under progress. its to b noted tht license is given only as a whole. what will b the effect on phase 1 if license is not renewed.
        hope u got my question

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