Haryana RERA imposes fine on builder in Gurugram for misleading advertisement

The Gurugram court of the Haryana Real Estate Regulatory Authority (HRERA) has imposed a penalty of Rs 50 Lakh on Countrywide Promoters Private Limited for publishing a “misleading advertisement” in an English daily about its real estate project ‘Green Oaks’.

According to RERA officials, the Authority took strong note of the advertisement published on March 2, 2024 and sent a show cause notice to the promoter asking for the reply.

The Authority observed that despite mandatory provisions under Section 11(2) and 13(1) of the Real Estate (Regulation and Development) Act 2016 the promoter did not describe the details in a proper manner in the advertisement, which is a punishable offence.

“It is clearly established that the promoter (Countrywide Promoters Pvt Ltd) has indulged in publishing a misleading advertisement to confuse the prospective allottees in making an informed choice. Therefore, the Authority hereby imposes a penalty amounting to Rs 50 lakh under Section 61 of the RERA Act 2016,” said the RERA order.

Read the full article HERE.

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