February 22, 2024: The Haryana Real Estate Regulatory Authority (HRERA) Gurugram, has pulled up Yashvi Homes for publishing a misleading advertisement in a mainstream daily. Taking a suo motu action, the regulatory authority has levied Rs 25 lakh as penalty on Yashvi Homes.
The advertisement is about a residential project Golden Gate Residency, Sector 3, Farukhnagar, Gurugram that is developed under the state government scheme – Deen Dayal Jan Awas Yojana (DDJAY) 2016. The developer has however advertised the project as being developed under DDJAY 2024, which is misleading.
The advertisement doesn’t include RERA registration number and the RERA website where people can seek project details and status. Also, the advertisement mentions an array of amenities that was not part of the original layout plan which was submitted during the project’s RERA registration. Both are violations under the RERA Act, 2016.
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With 16+ years of experience in various sectors, of which more than ten years in real estate, Anuradha Ramamirtham excels in tracking property trends and simplifying housing-related topics such as Rera, housing lottery, etc. Her diverse background includes roles at Times Property, Tech Target India, Indiantelevision.com and ITNation. Anuradha holds a PG Diploma degree in Journalism from KC College and has done BSc (IT) from SIES. In her leisure time, she enjoys singing and travelling.
Email: [email protected]
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