Beware of builders selling property without a licence | india | Hindustan Times
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Beware of builders selling property without a licence

india Updated: Jan 16, 2012 01:16 IST
Sanjeev K Ahuja

Amid increasing number of cases where gullible investors have fallen for false promises made by private developers, the Town and Country Planning Department has issued an advisory to caution property seekers against sale of plots and apartments in the name of pre-launch of projects.

TC Gupta, director general of the Town and Country Planning Department, has threatened action against erring developers and property brokers offering such properties. The department has also uploaded a list of all private developers who have a license to develop townships or hi-rise buildings since 1981 on for public scrutiny.

"The department had issued notices to caution the masses and persons/companies/property dealers engaged in development/booking/sale of plots/flats in the private licenced colonies of Haryana that didn't hold the requisite state government licence. A public notice had also been issued in several national dailies in April 2011 informing the public that they should ascertain the complete details regarding licences before purchase of plots/flats/office space/shops," Gupta wrote.

However, it has been noticed that some of colonisers still issue advertisements inviting investors even before a licence has been granted to set up a colony.
The general public has been advised to verify whether a license has been granted by the director general, Town and Country Planning Department, Haryana, before booking of plots/dwelling units/commercial property to avoid any legal problems and financial implications.