Punjab RERA issues Rs 3 cr recovery notice against Ireo Waterfront

Gurgaon: Punjab RERA Authority has issued a recovery order against realty player Ireo Waterfront Pvt Ltd for default under Section 40 of the Real Estate (Regulation and Development) Act, 2016.

In the recovery orders, as per Section 40 of the RERA Act, 2016, sent to Deputy Commissioner-cum-District Collector the RERA secretary said, “Respondents (Ireo Waterfront Pvt Ltd) have failed to comply with directions passed vide order dated May 3, 2019, by the bench of Shri JS Khushdil, Adjudicating Officer of the Authority in complaint proceedings under section 31 of the Real Estate (Regulation and Development) Act 2016 bearing complaint No TR/AO/76/2019-GC/1109/2018 titled as “Keshav Rai Dhanda versus M/s Ireo Waterfront Pvt Ltd.”

Issuing directions to the District Collector, the RERA order said, “You are requested to ensure recovery of the due amount of Rs 3,04,55,193, as arrears of land revenue from the assets of the judgement debtor/respondents and further report in this regard be submitted to the Authority before next date of hearing.”

Deputy Commissioner Surabhi Malik said that the recovery orders issued by RERA had been forwarded to concerned circle office of the Revenue Department for compliance. The circle officer (Dakha Naib Tehsildar) was not available for comments despite repeated attempts to contact him.