+
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.

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
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?