+
Haryana RERA calls out Adani for ad
Real Estate

Haryana RERA calls out Adani for ad

The Haryana Real Estate Regulatory Authority's (H-RERA) Gurgaon bench has issued notices to Adani M2K Projects, a joint venture of Adani Realty and the M2K group, and property agent Naveen Associates for advertising an unregistered project.

The H-RERA has also initiated penal proceedings against the companies where the penalty of violations may go up to Rs 12 crore against the promoter and Rs 2.7 crore against the real estate agent.

The authority served a show-cause notice to the project's promoter and directed it to produce records pertaining to the property that has been sold before the authority.


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


Make in Steel 2021

24 February 

Click for event info


H-RERA said a trend has been observed where promoters advertised, marketed or sold units in their real estate projects, offline as well as online, without registering the projects with the regulatory body.

Per the RERA Act, it is mandatory for all residential and commercial real estate projects where the land is over 500 sq m, or which have at least eight apartments, to register with the regulatory body to launch those to provide greater transparency in project-marketing and execution.

The RERA Act mandates that no real estate agent can participate in advertisement, market or sale of any project without getting themselves or their association registered with the RERA.

Also read: Haryana RERA bans sale of 50,000 unregistered units

The Haryana Real Estate Regulatory Authority's (H-RERA) Gurgaon bench has issued notices to Adani M2K Projects, a joint venture of Adani Realty and the M2K group, and property agent Naveen Associates for advertising an unregistered project. The H-RERA has also initiated penal proceedings against the companies where the penalty of violations may go up to Rs 12 crore against the promoter and Rs 2.7 crore against the real estate agent. The authority served a show-cause notice to the project's promoter and directed it to produce records pertaining to the property that has been sold before the authority.4th Indian Cement Review Conference 202117-18 March Click for event infoMake in Steel 202124 February Click for event info H-RERA said a trend has been observed where promoters advertised, marketed or sold units in their real estate projects, offline as well as online, without registering the projects with the regulatory body. Per the RERA Act, it is mandatory for all residential and commercial real estate projects where the land is over 500 sq m, or which have at least eight apartments, to register with the regulatory body to launch those to provide greater transparency in project-marketing and execution. The RERA Act mandates that no real estate agent can participate in advertisement, market or sale of any project without getting themselves or their association registered with the RERA. Also read: Haryana RERA bans sale of 50,000 unregistered units

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code