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Representative ImageGURUGRAM: Keeping allottees’ trust on top of its priorities, HRera chairperson Arun Kumar has asked a developer — Ocean Seven Buildtech (OSB) — to arrange for funds and work out a plan to start construction of its stalled Expressway Tower project in Sector 109.Launched in 2017, the affordable housing project was to be completed by 2021, but the deadline was later extended to 2023. “You (developer) should arrange an initial amount of Rs 5-7 crore and start construction in order to build trust with the allottees. This should be unconditional. Rera will do its job of allowing sale of shops and help in restoring licence from DTCP,” Kumar told the developer, during a meeting on Wednesday.Kumar told allottees to strengthen their RWA in order to control and monitor the construction progress and release of funds with the majority of the stakeholders. As many as 1,089 allottees are waiting for their dream homes to be delivered by OSB — the project has inordinately been delayed by more than three years.Rera had earlier freezed accounts and stalled work at three projects, including Expressway Tower.As earlier directed by Kumar, OSB and allottees have now entered into an agreement to start construction and complete the project over the next 10 months.
Published On Mar 7, 2024 at 08:41 AM IST
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