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News: HC orders probe into allegations of fraud by Ireo Grand Hyatt Residences' builder-15-01-2021

https://realty.economictimes.indiatimes.com/news/regulatory/hc-orders-probe-into-allegations-of-fraud-by-ireo-grand-hyatt-residences-builder/80278995

In its order on January 13, the high court also asked the Gurgaon police chief and the director general of town and country planning department to attend the proceedings through video conferencing on February 8, the next date of hearing.

GURUGRAM: The Punjab and Haryana high court has directed the Gurgaon police commissioner to conduct a preliminary probe into the allegations of fraud, and land title and licencing violations levelled by the homebuyers of Ireo Grand Hyatt Residences project in Sector 58 and submit a report by February 8.

In its order on January 13, the high court also asked the Gurgaon police chief and the director general of town and country planning department to attend the proceedings through video conferencing on February 8, the next date of hearing. The court was hearing a criminal petition fi-led by Sanjay Wadhwa, a homebuyer in the project, against the developers.

In his petition, Wadhwa has alleged that the zoning and the building plan as well as all other “statutory approvals” were cancelled in December 2015 by the department of town and country planning (DTCP), and hence any construction done after that date is illegal. “The same building and zoning plans were further cancelled in 2016 and 2017, but the developer, Ireo in this case, hid this information from the homebuyers and went on to collect money from them.”

According to the petitioner, H-Rera rejected the registration of the project in December 2017, but the developer concealed the information and collected more than Rs 50 crore from the homebuyers in 2017 and 2018.

Launched on a 15-acre land by Ireo and the Grand Hyatt group in 2013, this residential project was supposed to be ready for possession by 2017. But even three years after missing the deadline, barely 10% of the project is complete till date, allege homebuyers.

Despite repeated attempts, Ireo’s hospitality head Pankaj Dugar could not be contacted.

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