RERA cancels Mahira Infratech Projects …….
The Haryana Real Estate Regulatory Authority (RERA) has taken a significant step by cancelling the registration of all five affordable housing projects initiated by Mahira Infratech Pvt Ltd. This action comes as a result of alleged violations by the builder, as stated in an official order.
RERA, Gurugram, made the decision to revoke the registrations of all five real estate projects of Mahira Infratech Pvt Ltd on Monday. This decision was made after the builder failed to comply with the provisions of the RERA Act and complete construction of all five affordable housing projects across various sectors in Gurugram.
In its order, RERA stated, “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…”
Additionally, the authority has barred the promoter from accessing websites related to those projects, and the name of the promoter will be listed as a defaulter on RERA’s website. The banks holding the projects’ bank accounts are instructed to keep the accounts frozen until further notice. However, this is without prejudice to the statutory rights of the allottees under the provisions of the RERA Act 2016 and Rules and Regulations made thereunder, as stated by the Authority.
The Authority found that the promoter willfully violated various provisions under the RERA Act 2016 and Rules and Regulations. RERA observed that the promoter unlawfully diverted the amounts deposited by the innocent homebuyers in all its five projects.
The five affordable housing projects of Mahira Infratech Private Limited affected by this decision are Mahira Homes Sector 68, Mahira Homes Sector 104, Mahira Homes Sector 103, Mahira Homes Sector 63A, and Mahira Homes Sector 95.
The Authority had previously inspected the construction progress at all these five project sites on February 14.
Arun Kumar, RERA Chairman, stated, “Mahira Home promoter has defaulted on various accounts, and we are custodian of the RERA Act and must safeguard allottees’ rights. We are left with no choice but to revoke the registration of all its five projects and look forward to some viable option to complete the projects.”
This action by RERA highlights the importance of compliance with regulations in the real estate sector and the need to protect the interests of homebuyers.
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