HC stays proposed hike in registration price for realty agents

Real property brokers who had approached the Punjab and Haryana High Court in opposition to the Haryana Real Estate Regulatory Authority’s (HRERA’s) call for higher registration charges got alleviation from the court docket, which stayed the demand made via the authority on Friday. The agents registered with the authority had adversarial the Herrera’s decision to equate sole proprietorship corporations with other entities consisting of individual partnership companies or a company. The brokers submitted that via doing so, the authority was asking them to pay Rs 2.25 lakh more as yearly registration price, which, they claimed, become unjust and against the norms.

After listening to the matter on Friday, Justice RK Jain of Punjab and Haryana High Court granted a life at the route of the authority, stated Ashish Chopra, propose, who appeared for petitioners. They had petitioned the court on August 16. The court docket gave respite to the petitioners, who have been dealing with deregistration from August 31. The next date of hearing is 11th of September,” he introduced.

HC stays proposed hike in registration price for realty agents 1

Chopra said their submission to the court was that sole proprietorship isn’t a separate entity from a person, and each is one and identical. The interpretation of HRERA, that an individual was exclusive from his brand name and that it isn’t always an individual, is not proper,” he stated. Despite having a sigh of comfort, the agents maintained that the HC life changed into most effective a partial victory for them.

This order needs to hold ground ultimately for agents to get justice. It isn’t always possible to pay such cash in Gurugram and also get licenses in other states, including Delhi, Noida, and Rajasthan,” stated Ravinder Aggarwal, a dealer who’s a part of the forty-member institution that approached the court docket. The broking community additionally wishes the government to don’t forget a single license for groups throughout the country instead of having registered one after the other in every country. If we can have a single license for the whole lot, then why not for brokers?

Aggarwal puzzled.

Meanwhile, HRERA (Gurugram) chairperson KK Khandelwal said, “It is their right to technique a higher discussion board for grievance redressal. We need this issue to be settled, so we don’t face audit problems. If it is determined of their favor, we welcome it. We don’t have any problems. We ourselves requested them to go to the High Court so that this issue is cleared. They are our companions in realizing the increase of actual property in Gurugram.

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