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Gurugram: HSVP seeks to recover Rs 372 crore from owners of plots, flats

HSVP has issued more than 600 notices to individual landowners and around 50 group housing associations in Gurgaon to recover outstanding fees. The authority has to recover around Rs 372 crore from defaulters as improvement charges and balanced payments for the allocation of plots.

The notifications were sent to the collective housing associations in sectors 43 and 52 and to individual landowners in sectors 27, 28, 42, 43, 51, 52, and 57. The outstanding installments of the defaulters if they do not pay what soon as possible. The notifications were issued to collective housing associations in sectors 43 and 52 and to individual landowners in sectors 27, 28, 42, 43, 51, 52, and 57. Outstanding fees to defaulters if they do not pay as soon as possible.

HSVP

Estate officer-2 of HSVP (Gurgaon) Jitender Kumar said the notices were issued in the past 12 days. “We urge people to settle their pending dues or else the authorities will impose a penalty of 10%. Once a penalty is imposed, it cannot be waived off. We will also initiate legal action,” he said.

Previously, the HSVP issued notices to some 35 societies in sectors 54, 55, and 56 to recover the amount of the boost. The authority also suspended the sale of real estate in these societies until the pending dues are settled.

HSVP

HSVP acquired 631 acres in Gurgaon in 1990 at rates ranging from Rs 50,000 to Rs 1,25,000 per acre. In 1996, the district court increased the compensation for the land, which was later challenged in the Punjab and Haryana High Court. In 2010, the Supreme Court revised the amount to Rs. 8.23 lakh per acre.

Residents said they received rate upgrade notices in February 2016, 15% past-due interest for 6,756 days as of July 1997, through no fault of their own.

Credit- Gurugram: HSVP seeks to recover Rs 372 crore from owners of plots, flats

Also, read- Why High-Rise Apartments are so expensive? Here are a few reasons

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