Haryana RERA revokes registrations for five real estate projects in Gurugram

By Bricksnwall | 2024-03-20

Haryana RERA revokes registrations for five real estate projects in Gurugram

Haryana RERA took action after the builder failed to comply with the rules of the RERA Act and finish the construction of the projects, according to the ruling.


On March 19, the real estate regulatory authority (RERA) in Gurugram withdrew the registrations of five real estate projects owned by Mahira Infratech Private Limited, alleging that the builder misappropriated funds put by homebuyers in these projects.


After reviewing the facts of the case and the details presented during the proceedings, the Authority is satisfied that the promoter has knowingly violated several provisions of the RERA Act 2016 and the Rules and Regulations. The Authority has discovered that the promoter has unlawfully misappropriated the funds deposited by unsuspecting homeowners in all five of its projects, it stated in its order.


The Authority deems it fit to revoke the registrations of the affordable housing projects registered by this Authority under the provisions of Section 7(1)(a), (b) and (d) of the Real Estate (Regulation and Development) Act 2016, Haryana Real Estates (Regulation and Development) Rules, 2017 and Regulations of the Haryana Real Estate Regulatory Authority (RERA), Gurugram, the Authority wrote in its order.

The Authority took action after the builder failed to comply with the RERA Act's regulations and finish development on all five affordable housing projects in Gurugram's diverse sectors, according to the official.


The authority also restricted the promoter from accessing websites related to those projects and stated that the promoter's name would be included in a list of defaulters on the RERA website.


Section 7(4)(c) of the Act also directs that the involved banks holding the projects' bank accounts freeze the accounts until further instructions are issued. This is without prejudice to the statutory rights of the allottees under the terms of the RERA Act 2016 and the Rules and Regulations established thereunder, according to the Authority.


Source: Hindustan Times