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Haryana directs RERA to expedite grievances and monitor builders

GURUGRAM: The Haryana government has instructed RERA authorities in Gurgaon and Panchkula to expedite the resolution of grievances and enhance oversight of developers, following a review led by Chief Secretary Anurag Rastogi. Officials noted that Haryana represents nearly 10% of the pending RERA complaints in India, despite having fewer project registrations compared to other states. This discrepancy is largely due to the size of projects in Gurgaon, which range from 5 to 100 acres, unlike the smaller, often one-acre projects seen elsewhere. To tackle the backlog of complaints, RERA Gurgaon has established a help desk. Additionally, RERA authorities have been…

Central Park Engages Advisors for 2027 Real Estate IPO

Property developer Central Park is in the process of engaging a professional services firm and a merchant banker as part of its strategy to list its real estate business by early 2027, according to Amarjit Bakshi, the chairman and managing director. “We are pursuing the IPO route not for fundraising but to facilitate a transition to the next generation,” Bakshi stated. “We aim to establish partnerships, emphasizing the importance of compliance. Every shareholder must be regarded as a partner, and a listed company must fulfill its commitments and meet customer expectations.” Bakshi also mentioned that Central Park is planning a…

Delhi HC notices police on Gopal Ansal’s FIR quashing plea

NEW DELHI: The Delhi High Court issued a notice to police on Monday regarding a petition filed by real estate mogul Gopal Ansal, who seeks to quash an FIR against him related to a cheating case stemming from the Uphaar fire tragedy. The FIR was prompted by a complaint from a buyer of land within a project managed by Ansal Buildwell Limited. Justice Amit Mahajan requested a status report from Delhi Police, with the hearing set for September 10. The High Court further instructed the state not to take coercive actions against the petitioner until the next hearing date. A…