DTCP Bans Sale and Purchase in Mahira Homes' Societies
Real Estate

DTCP Bans Sale and Purchase in Mahira Homes' Societies

The Department of Town and Country Planning (DTCP) has banned the sale and purchase of properties in two societies developed by Mahira Homes Group in Sectors 103 and 104. The group came under scrutiny after it failed to deposit external and internal development charges (EDC/IDC). Earlier, a show-cause notice was issued to the developer on August 11, 2023, granting an opportunity to clear the dues and resolve disputes related to licensing documents. The builder, however, ignored the orders. This came after landowners filed complaints accusing the builder of obtaining licenses using forged documents. Mahira Group and Czar Buildwell had obtained housing licenses in 2019 and 2021 respectively. Citing the builder's negligent approach, the DTCP director asked the district deputy commissioner to ban all transactions involving land or flats in the two societies. Earlier, H-Rera had engaged experts from the National Buildings Construction Corporation (NBCC) to conduct technical and feasibility assessments of stalled Mahira Homes projects to expedite it. NBCC specialists conducted site inspections to evaluate construction progress and actual site conditions. Arun Kumar H-Rera (Gurgaon) chairman had stated that NBCC's comprehensive report would determine future actions. More than 5,000 homebuyers have been protesting against the developer due to these stalled projects that has left them grappling with uncertainties about their investments. Amid the growing tension between developers and regulatory authorities, affected residents hope for swift resolutions and stricter enforcement of housing norms. Meanwhile, this action underscores the DTCP's resolve to hold developers accountable for non-compliance with housing regulations. Experts say such measures are critical to safeguarding homebuyers' interests and curbing fraudulent practices in the real estate sector

The Department of Town and Country Planning (DTCP) has banned the sale and purchase of properties in two societies developed by Mahira Homes Group in Sectors 103 and 104. The group came under scrutiny after it failed to deposit external and internal development charges (EDC/IDC). Earlier, a show-cause notice was issued to the developer on August 11, 2023, granting an opportunity to clear the dues and resolve disputes related to licensing documents. The builder, however, ignored the orders. This came after landowners filed complaints accusing the builder of obtaining licenses using forged documents. Mahira Group and Czar Buildwell had obtained housing licenses in 2019 and 2021 respectively. Citing the builder's negligent approach, the DTCP director asked the district deputy commissioner to ban all transactions involving land or flats in the two societies. Earlier, H-Rera had engaged experts from the National Buildings Construction Corporation (NBCC) to conduct technical and feasibility assessments of stalled Mahira Homes projects to expedite it. NBCC specialists conducted site inspections to evaluate construction progress and actual site conditions. Arun Kumar H-Rera (Gurgaon) chairman had stated that NBCC's comprehensive report would determine future actions. More than 5,000 homebuyers have been protesting against the developer due to these stalled projects that has left them grappling with uncertainties about their investments. Amid the growing tension between developers and regulatory authorities, affected residents hope for swift resolutions and stricter enforcement of housing norms. Meanwhile, this action underscores the DTCP's resolve to hold developers accountable for non-compliance with housing regulations. Experts say such measures are critical to safeguarding homebuyers' interests and curbing fraudulent practices in the real estate sector

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Capacit'e Infraprojects Q1 Revenue Rises 7% to Rs 6.29 Billion

Capacit'e Infraprojects reported a 7% year-on-year increase in consolidated revenue from operations to Rs 6.29 billion in Q1 FY27, compared with Rs 5.89 billion in Q1 FY26.The company said revenue growth during the quarter was affected by a shortage of workmen during the first half of the period.EBITDA stood at Rs 0.99 billion, down 3% from Rs 1.02 billion in Q1 FY26, while EBITDA margin moderated to 15.7% from 17.2%. EBIT declined 8% to Rs 0.80 billion, with an EBIT margin of 12.5%.Profit after tax stood at Rs 0.40 billion compared with Rs 0.47 billion in the corresponding quarter of the prev..

Next Story
Infrastructure Urban

GHR Infra Launches Freedom Offer at GHR Callisto

GHR Infra has launched the ‘Freedom Offer’ at GHR Callisto, its IGBC Green Homes Pre-certified Gold-rated residential project in Kollur, Hyderabad.The offer applies to select 2 and 2.5 BHK homes starting at Rs 83 lakh. Buyers will receive a complimentary IKEA modular kitchen along with a choice between EV parking provision and two years of common area maintenance.Eligible homes can also be booked with a 10% down payment, aimed at reducing some of the immediate expenses associated with purchasing and setting up a new home.Spread across 8.3 acres with nearly 70% open space, GHR Callisto comp..

Next Story
Infrastructure Urban

TVS ILP Launches 'Invisible Backbone' Brand Film

TVS Industrial & Logistics Parks (TVS ILP) has launched a new corporate film titled Invisible Backbone as part of its 21st anniversary celebrations.The film traces the company’s journey while highlighting the role of warehousing and logistics infrastructure in supporting manufacturing, supply chains and India’s economic growth.It showcases the integrated ecosystem behind the movement of products from warehouses to consumers, covering industrial facilities, technology, logistics networks and people. The film also reflects TVS ILP’s focus on operational excellence, customer-centricity,..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement