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Haryana Lays Down Details Mandatory for Realty Ads

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Haryana Lays Down Details Mandatory for Realty Ads

Last updated: May 29 2011
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  • Haryana Lays Down Details Mandatory for Realty Ads

    The Haryana government has made it mandatory for all private realtors to specify their project licence number, layout plans and the total number of apartments to be built in their advertisements.

    Any failure to do so could invite a three-year prison term, said a town and country planning department (DTCP) notification on Friday. The rule will come into effect immediately.

    Haryana is the first state to introduce such a regulation. Mushrooming projects have prompted realtors to put catchy advertisements often overselling their projects and sometimes giving sketchy details. Analysts say this move will help bring transparency and provide home buyers clarity to help make a choice.

    “Private developers have been putting out all kinds of advertisements, and in many cases buyers are clueless about whether these projects are approved by the government or not,” DTCP director general T C Gupta told TOI.

    There have been complaints galore to DTCP from buyers since they are worried about the projects’ authenticity. “People spend their lifetime savings to buy a house. We can’t allow developers to loot people like this,” Gupta said while interacting with realtors in Delhi. As complaints of fraud grow, Haryana reins in builders .


    The Haryana government has made it mandatory for all private realtors to specify their project licence number, layout plans and the total number of apartments to be built in their advertisements. Haryana industry secretary Y S Malik agreed with Gupta. He said he has been flooded with calls from harried buyers. “I have been receiving calls from several people, seeking projects’ details. I would often take DTCP’s help to gather the information,” Malik said. Officials are concerned about growing complaints of fraud. “Several FIRs have been filed with Economic Offence Wing of police in Haryana and other states,” DTCP’s Gupta said. He cited several examples, where builders had sold apartments well above the licencing authority’s sanctioned limit.

    Gupta said he has asked district town planners (DTPs) across the state to file FIRs against violators. “I’ve asked each DTP to get an FIR lodged every week. There will be no compromise,” he said. Realtors welcomed the move. “It’s a historic move by any state. It will help clear the dirt. People will have greater faith in the industry,” Navin Raheja, chairman of ASSOCHAM national council on real estate, said and urged other states to follow Haryana’s example.

    DTCP has cleared maximum files related to change of land use (CLU) – mainly for residential purpose – in the past year. “We’re compiling a list of such CLUs in the past two years. These will be posted on our website so that people get a fair idea of the projects,” Gupta added.


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    Looks to be a real positive development, if followed & enforced religiously .
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  • #2

    #2

    Re : Haryana Lays Down Details Mandatory for Realty Ads

    Its a good & positive development to keep up the transparency.
    From when will this be effective.Will it call for changes in existing advertisements/hoardings of existing projects?

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    • #3

      #3

      Re : Haryana Lays Down Details Mandatory for Realty Ads

      If impemented well this will be a boon for investors giving them clarity..and information
      I wish they add the carpet area clause( from super area) too.

      Yes i guess the existing communication of exisiting projects would get changed too..

      The only concern is the WILL to implement...

      Comment

      • #4

        #4

        Re : Haryana Lays Down Details Mandatory for Realty Ads

        Quite agree . If there is no will, there is no way .

        Originally posted by AmitMM View Post
        If impemented well this will be a boon for investors giving them clarity..and information
        I wish they add the carpet area clause( from super area) too.

        Yes i guess the existing communication of exisiting projects would get changed too..

        The only concern is the WILL to implement...
        Please read IREF rules | FAQ's

        Comment

        • #5

          #5

          Re : Haryana Lays Down Details Mandatory for Realty Ads

          haryana govt should also give details of the approved projects on their website which will be authentic information.

          We can not rely on builder ads.

          It is a good step to start with.

          Comment

          • #6

            #6

            Re : Haryana Lays Down Details Mandatory for Realty Ads

            Good step but a late step.
            Google "DXPWA" to join Association of Dwarka Expressway home buyers.

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