2 MONTHS AFTER LAUNCH, TRUMP TOWER RUNS INTO HURDLE

The Trump Tower luxury residential project in Gurgaon, hard-sold by US President Donald Trump’s eldest son on a visit to India last month, has run into a potential stumbling block just two months after its launch.

Haryana’s Town and Country Planning Department (TCPD) has raised objections to the launch of the project before the grant of joint development and marketing rights to Olive Realcon Pvt Ltd, for which the rights were sought by the licencee. The department has issued a show-cause notice to the project licensee Manglam Multiplex Pvt Ltd, asking it to explain why proceedings should not be initiated against the project developers under section 10 of the Haryana Development and Regulation of Urban Areas Act, two TCPD officials said on condition of anonymity.

Section 10, which deals with penalties, says that any person who contravenes any provisions of the Act or the conditions of a licence, shall be punishable with imprisonment for a term that may extend to three years and also be liable to pay a fine.

HT hasn’t seen a copy of the notice, dated March 16, which, the officials said, asked Manglam Multiplex to “show cause within 30 days as to why the colonization licence granted to it should not be cancelled for violating its terms and conditions.” Calls made to TL Satyaprakash, director of TCPD, weren’t answered.

The matter will also be referred to the Haryana Real Estate Regulatory Authority (HRERA), Gurgaon, under section 7 of the Real Estate (Regulation and Development) Act, for revoking the registration of the developers for suspected unfair

CHANDIGARH: