Haryana RERA Directs Mahira to Deposit Deficit Funds in RERA Accounts
Real Estate

Haryana RERA Directs Mahira to Deposit Deficit Funds in RERA Accounts

Mahira Homes, a prominent player in the real estate sector, faces the obligation to address deficit funds as mandated by Haryana RERA. This development underscores the regulatory body's commitment to upholding accountability within the real estate industry, fostering trust among consumers and stakeholders alike.

The directive to deposit deficit funds in RERA accounts aims to provide a protective mechanism for homebuyers who have invested in Mahira Homes' projects. By enforcing financial compliance, Haryana RERA seeks to fortify the regulatory framework and maintain the integrity of the real estate market in the region.

This move aligns with the broader mission of RERA to create a transparent and accountable real estate ecosystem, ensuring that developers meet their financial obligations to homebuyers. As Haryana RERA takes proactive steps to uphold industry standards, this development serves as a testament to the authority's commitment to safeguarding the interests of homebuyers in the state.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Mahira Homes, a prominent player in the real estate sector, faces the obligation to address deficit funds as mandated by Haryana RERA. This development underscores the regulatory body's commitment to upholding accountability within the real estate industry, fostering trust among consumers and stakeholders alike. The directive to deposit deficit funds in RERA accounts aims to provide a protective mechanism for homebuyers who have invested in Mahira Homes' projects. By enforcing financial compliance, Haryana RERA seeks to fortify the regulatory framework and maintain the integrity of the real estate market in the region. This move aligns with the broader mission of RERA to create a transparent and accountable real estate ecosystem, ensuring that developers meet their financial obligations to homebuyers. As Haryana RERA takes proactive steps to uphold industry standards, this development serves as a testament to the authority's commitment to safeguarding the interests of homebuyers in the state.

Next Story
Infrastructure Energy

PSA Mumbai Doubles Capacity to 4.8m TEUs With Phase 2

Prime Minister Narendra Modi and Singaporean Prime Minister Lawrence Wong on Thursday virtually inaugurated Phase 2 of the Bharat Mumbai Container Terminal (PSA Mumbai), developed by PSA International at the Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai.With the commissioning of Phase 2, PSA Mumbai has doubled its annual handling capacity to 4.8 million TEUs, making it India’s largest container terminal. The terminal, spanning 2,000 metres of continuous quay length, has been designed to handle multiple mega container vessels simultaneously, supporting both domestic and global trade f..

Next Story
Infrastructure Transport

JNPA Doubles Container Capacity With Rs 79.2 Billion Terminal

In a major boost to India’s maritime infrastructure, Prime Minister Narendra Modi and Singaporean Prime Minister Lawrence Wong virtually inaugurated the second phase of the PSA Bharat Mumbai Container Terminal (BMCT) at Jawaharlal Nehru Port Authority (JNPA) on Thursday.With this commissioning, BMCT becomes India’s largest standalone container terminal, doubling its handling capacity from 2.4 million TEUs to 4.8 million TEUs (twenty-foot equivalent units). This milestone also establishes JNPA as the country’s largest container port by capacity.The Rs 79.2 billion project was developed un..

Next Story
Infrastructure Transport

Concor to Operate New Container Terminal at Bhavnagar Port

The Container Corporation of India (Concor) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) to operate and maintain the upcoming container terminal on the northside of Bhavnagar Port, Gujarat.Under the MoU, Concor will serve as the terminal operator, overseeing operations, management, and marketing of the facility. This move marks Concor’s strategic foray into direct port operations, aligning with its goal of forward integration in the logistics value chain. The detailed terms and conditions of the agreement are currently being finalised.The upcoming..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?