Public notice regarding M/S Geetu Constructions Private Limited.

Overview of the Public Notice

The notice warns the public about M/s Geetu Constructions Private Limited, the developer of a residential colony at Village Landran, Sector 113, SAS Nagar (Mohali).

The company was granted Colony Licence No. 19/2014, but according to the notice, it has failed to pay mandatory government dues relating to External Development Charges (EDC) and Licence Fee.

The outstanding amount is stated to be approximately ₹13.43 crore.

Despite receiving several notices for payment, the promoter has allegedly not cleared the dues. Because of this continued default, the concerned authorities have been asked to consider or initiate actions such as:

• stopping registration of sale deeds in the colony;
• seeking cancellation of the project's RERA registration;
• withdrawal of the approved layout plan;
• suspension or cancellation of the colony licence; and
• stopping further building approvals by GMADA.

Practical Details about the Notice

Public Advisory

The most important part of the notice is the warning to buyers.

The general public has been advised not to enter into any sale or purchase transaction for plots, apartments or other properties with M/s Geetu Constructions Private Limited.

Anyone who still chooses to proceed with a transaction would do so at their own risk and cost.

For more information and complete details, click on “Open Original Document” to view the official source.