Hanoi will re-examine and inspect real estate projects in the cityuntil the end of May under a recent decision by the municipal People'sCommittee.
The inspectors will supervise more than 720 realestate projects with a total land area of more than 21,940 hectares,focusing on organisations and enterprises who were allocated or leasingland in the city between January 1, 2009 and December 31, 2013.
Inspectorswill also examine projects delayed by compensation disputes or landabandoned within 12 months of investors receiving the land. Projectslagging more than two years behind schedule and/or illegally transferredwill also face greater scrutiny.
An inter-disciplinaryinspection team has been established to clarify the obligations ofinvestors and others involved in delayed projects.
According tothe committee, the 720 real estate projects also include State-investedbuildings including offices, hotels and cultural and socialinfrastructure.
Currently, there are 85 delayed projects in TuLiem disitrict, 56 in Long Bien and Cau Giay districts and about 60 inHai Ba Trung and Hoang Mai districts. There are also around 40 postponedprojects in Dong Da district, 30 in Ba Dinh district and 20 in HoanKiem and Tay Ho.
The move follows 925 inspections performed bythe city between 2009 and 2013, where more than 590 projects were foundin violation of the Land Law and more than 290 projects lagged behindschedule. Around 100 projects were facing delays relating to financialobligations while the remaining delays were unexplained.
Investorsfor around 270 projects had put the land into use after receivingofficial warnings. Nearly 50 projects with a land mass of 1,795 hectareshad their land use certificates revoked, while the rest are underinvestigation.
Former Deputy Minister of Natural Resources andEnvironment Dang Hung Vo said many enterprises failed to carry out theirprojects but ignored to return the allocated land. This was due to laxmanagement by local authorities and weak regulations.
Vo said theState needed to impose higher taxes on delayed projects rather thanissue warnings and wait for enterprises to return land.-VNA
The inspectors will supervise more than 720 realestate projects with a total land area of more than 21,940 hectares,focusing on organisations and enterprises who were allocated or leasingland in the city between January 1, 2009 and December 31, 2013.
Inspectorswill also examine projects delayed by compensation disputes or landabandoned within 12 months of investors receiving the land. Projectslagging more than two years behind schedule and/or illegally transferredwill also face greater scrutiny.
An inter-disciplinaryinspection team has been established to clarify the obligations ofinvestors and others involved in delayed projects.
According tothe committee, the 720 real estate projects also include State-investedbuildings including offices, hotels and cultural and socialinfrastructure.
Currently, there are 85 delayed projects in TuLiem disitrict, 56 in Long Bien and Cau Giay districts and about 60 inHai Ba Trung and Hoang Mai districts. There are also around 40 postponedprojects in Dong Da district, 30 in Ba Dinh district and 20 in HoanKiem and Tay Ho.
The move follows 925 inspections performed bythe city between 2009 and 2013, where more than 590 projects were foundin violation of the Land Law and more than 290 projects lagged behindschedule. Around 100 projects were facing delays relating to financialobligations while the remaining delays were unexplained.
Investorsfor around 270 projects had put the land into use after receivingofficial warnings. Nearly 50 projects with a land mass of 1,795 hectareshad their land use certificates revoked, while the rest are underinvestigation.
Former Deputy Minister of Natural Resources andEnvironment Dang Hung Vo said many enterprises failed to carry out theirprojects but ignored to return the allocated land. This was due to laxmanagement by local authorities and weak regulations.
Vo said theState needed to impose higher taxes on delayed projects rather thanissue warnings and wait for enterprises to return land.-VNA
