Summary:
Gurugram: In what can be considered first of its initiatives Haryana Real Estate Regulatory (HRERA) has decided to auction the land bank of Greenopolis residential project so that it can get the funds to expedite the completion. It is estimated that for the completion of over 1200 residential units a total of Rs 400 crore is required. The Greenopolis was conceptualised when two builders 3C and Orris builders partnered with each other to set up the project in 2011. Ever since it has was formed the resolution of the Greenopolis project is one of the foremost demands of the homebuyers through HRERA. A recent RTI had revealed that in just year that is from March 2017 to March 2018 the pending External Development Charges have increased from Rs 13,855 crore to Rs 15,250 crore..