Gurgaon's unregistered realty dealers could face penal action

Gurgaon's unregistered realty dealers could face penal actionGurgaon/Chandigarh, Jan 6 : Property dealers and real estate agents in Gurgaon not registering themselves with the district administration will face penal action, officials said here Wednesday.

Gurgaon Deputy Commissioner Rajinder Kataria said officials have been asked to get shops and offices of property dealers and real estate agents videographed and photographed to know who all are operating in the district. All realty dealers have to register themselves under the Haryana Regulation of Property Dealers and Consultancy Act.

"After the completion of the survey, those found indulging in property business without a valid licence would be issued notices under the Act. The penal provisions might be imposed later on by the administration to enforce the Act," Kataria said.

The deputy commissioner, who is also designated as collector under the Act, said: "Anyone found indulging in property consultancy business without having a valid licence will be liable to pay a fine of Rs. 50,000 to Rs. 1 lakh."

Kataria said that after repeated warnings from the Gurgaon administration, only a few property dealers have started applying for obtaining licence under the Act.

So far, only two property dealers have registered themselves.

"Though the city is flooded with signboards of property dealers and builders, only a few are turning up to obtain a valid licence for property dealing," Kataria said.

He added that for registration, a licence fee of Rs. 25,000 had to be paid by an individual while in case of an organisation, company or society, a fee of Rs. 50,000 will be levied. The licence would be valid for a period of five years and will have to be renewed again after that for a fee of Rs. 5,000 to Rs. 10,000.

Gurgaon, adjoining the national capital New Delhi, has emerged as the largest realty hub in Haryana in the last over two decades. The city has attracted some of the biggest names among multi-national corporations (MNCs), corporates and industrial houses. (IANS)