Developers got Haryana licences, sold land within months to make huge profits: CAG
In its report, the CAG said that in certain cases, developers purchased land, obtained CLUs/colony licences from the government.
The Comptroller and Auditor General (CAG), in its report tabled in the Haryana Assembly Wednesday, claimed real estate developers and colonisers made “huge profits” after being allowed change in land use (CLU) and colony licences by the previous Congress government of Bhupinder Singh Hooda.
In its report, the CAG said that in certain cases, developers purchased land, obtained CLUs/colony licences from the government and within months sold the land 800 times the original cost. The developers sold the land without developing the colonies for which they were granted licences, the report stated.
This is what the CAG said in its report:
* “Five licencees sold the land for Rs 267.47 crore, which they had purchased for Rs 52.26 crore, and earned a profit of Rs 215.21 crore in such transactions, while the government was deprived of its share of net profit.”
* In two cases, land was sold at 303 times and 880 times the original cost… to their collaborators/developers within a few months of grant of licence.
* In the case of M/s Sky Light Hospitality Pvt Ltd — owned by Robert Vadra, son-in-law of Congress president Sonia Gandhi — land was sold to collaborator M/s DLF Universal Ltd at 7.73 times the original cost after in-principle approval for transfer of licence.
* “The department, neither at the time of granting in-principle approval nor at the time of formal approval for transfer of licences, ensured that net profit beyond 15 per cent of the total cost accrues to the public exchequer. This enabled developers to earn huge profit merely by selling the land while the government had to forgo sizeable amount.”
* “In seven cases, building plans were not approved even after six to seven years of the issue of licences though building plans were required to be approved from the Town and Country Planning Department within three months. It was further observed that the colonisers had not even prepared the service plans/ estimates and zoning plans.”
Source:: Indian Express