Debt Financing

Gurugram: Ardee City's builder booked for violating licence norms

Economic Times  

The developer of Ardee City, 13 of its associate companies and their directors have been booked for violation of the terms and conditions of the project licence issued by the department of town and country planning (DTCP) for the residential society. The developer has also been accused of fraudulently showing a portion of land owned by the Haryana Shehri Vikas Pradhikaran (HSVP) as part of the township at the time of seeking the licence. The builder and its associate companies together had got a licence for the development of its flagship properties — Ardee City and Palm Grove Heights — across 204.4 acres of land in sectors 51-52 and 57. Around 2,850 families are currently living there. Gopal Dass Estates Housing, Ardee Infrastructure Pvt Ltd, Ardee Business Centre, Ardee Unitron Computers, SAS Leasing, Ardee Mechanical Industries, Neeta Estates Leasing, Ardee Machines, Shivani Verma, Meenakshi Verma, Vishwakarma Housing, Kangaroo Estates and BR Properties have been named as the accused, among others.

Want to receive such news items in your inbox? Click Here to sign up for a trial.

2021 © TSJ Media Pvt Ltd. All rights reserved.