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

Next Story
Infrastructure Transport

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

Next Story
Infrastructure Energy

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

Next Story
Infrastructure Energy

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?