The authority inspected the development progress on the undertaking websites.
There are 5 reasonably priced housing tasks launched by Mahira Infratech and Czar Buildtech in Gurugram.
Five actual property tasks owned by Mahira Infratech Private Limited and Czar Buildtech Private Limited have been cancelled by the Real Estate Regulatory Authority (RERA) in Gurugram. This occurred on Monday as a result of the promoters of Mahira didn’t observe the foundations of the RERA Act. The authority did this as a result of the development of the 5 reasonably priced housing tasks in numerous components of Gurugram was not completed.
“After reviewing the case and evidence from the proceedings, the RERA found that the promoter willfully broke many rules of the RERA Act 2016 and its related rules,” the Authority defined. “We discovered that the promoter wrongly used money from homebuyers in all five projects,” it added.
“The Authority has decided to cancel the registrations of the affordable housing projects that were registered by this Authority under 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,” acknowledged RERA in its order.
It additionally prohibited the promoter from utilizing web sites associated to these tasks. They talked about that the promoter’s title can be listed as a defaulter on RERA’s web site.
The Authority has instructed the banks managing the tasks’ accounts to freeze them below Section 7(4)(c) of the Act. This motion doesn’t affect the rights of the allottees below the RERA Act 2016 and its related Rules and Regulations, clarified the Authority.
There are 5 reasonably priced housing tasks launched by Mahira Infratech and Czar Buildtech in Gurgaon. These embrace Mahira Homes in Sector 68, 104, 103, 63A, and 95. The authority inspected the development progress in any respect these undertaking websites on February 14.
Arun Kumar, who heads RERA, spoke out about Mahira Homes’ promoter not paying on time many occasions. He stated RERA’s job is to take care of homebuyers’ rights as per the RERA Act. Hence, RERA determined to cancel the registration of all 5 Mahira Homes tasks due to this drawback. Kumar made it clear this was to guard the homebuyers’ pursuits. Currently, RERA is looking for other ways to finish these tasks.
