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Developers asked to provide sale deeds for regularisation, Real Estate News, ET RealEstate

Developers asked to provide sale deeds for regularisation, Real Estate News, ET RealEstate
LUDHIANA: In a bid to catch defaulters, building branch officials have been asked to collect sale deeds of developers who had applied under the regularisation policy by submitting full and final agreements with buyers. Senior town planner Surinder Singh Bindra has written to assistant town planners about this. The sale deeds will help determine how many plots were sold in reality and weather the sale was conducted legally.

In the letter, the ATPs were instructed to check applications submitted one year back. Developers of these colonies were asked to produce sale deeds of plots which were shown as sold in their applications. Their applications were to be cancelled immediately if they failed to comply.

RTI activist Kuldeep Khaira, who has been raising these issues said, “Developers, in order to prove that their colonies were developed before 2018 and could be regularised under the policy, had given agreements and more than one year has elapsed. If there were genuine buyers, the developers would be able to produce those sale deeds.” He said there was a need to check documents minutely and catch such developers.

An official claimed that over 180 applications had been received and only 30 to 32 developers were given NoC. He said they would now ask developers to furnish sale deeds and if they fail to do so, they would cancel the application. Other legal action would also be recommended against them.


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