Haryana RERA Penalizes Countrywide Promoters
Real Estate

Haryana RERA Penalizes Countrywide Promoters

Haryana Real Estate Regulatory Authority (RERA) has imposed a penalty on Countrywide Promoters for misleading advertisements. The penalty was levied in response to complaints regarding misleading claims made in advertisements related to their residential project.

The regulatory authority found the advertisements to be deceptive as they portrayed amenities and features not provided in the project. Such misleading information can potentially mislead buyers and affect their decision-making process.

As a consequence, Haryana RERA has taken action against Countrywide Promoters to ensure compliance with regulations and protect the interests of homebuyers. The penalty serves as a deterrent against misleading advertising practices within the real estate sector.

RERA aims to promote transparency, accountability, and fairness in the real estate market by ensuring that developers adhere to regulatory standards and provide accurate information to consumers. Penalties for violations such as misleading advertisements underscore the authority's commitment to upholding consumer rights and maintaining integrity in the industry.

This incident highlights the importance of due diligence for homebuyers and underscores the role of regulatory bodies in safeguarding their interests. Moving forward, it is expected that such penalties will encourage developers to exercise caution and adhere to ethical advertising practices to maintain trust and credibility with customers.

Haryana Real Estate Regulatory Authority (RERA) has imposed a penalty on Countrywide Promoters for misleading advertisements. The penalty was levied in response to complaints regarding misleading claims made in advertisements related to their residential project. The regulatory authority found the advertisements to be deceptive as they portrayed amenities and features not provided in the project. Such misleading information can potentially mislead buyers and affect their decision-making process. As a consequence, Haryana RERA has taken action against Countrywide Promoters to ensure compliance with regulations and protect the interests of homebuyers. The penalty serves as a deterrent against misleading advertising practices within the real estate sector. RERA aims to promote transparency, accountability, and fairness in the real estate market by ensuring that developers adhere to regulatory standards and provide accurate information to consumers. Penalties for violations such as misleading advertisements underscore the authority's commitment to upholding consumer rights and maintaining integrity in the industry. This incident highlights the importance of due diligence for homebuyers and underscores the role of regulatory bodies in safeguarding their interests. Moving forward, it is expected that such penalties will encourage developers to exercise caution and adhere to ethical advertising practices to maintain trust and credibility with customers.

Next Story
Infrastructure Urban

KEI Industries Faces Rs 80 Mn Daily Loss Amid Wage Dispute

KEI Industries Limited, one of India's prominent manufacturers of wires and cables, is encountering significant financial challenges, with reported losses amounting to Rs 8 crore per day. The company's operations have been severely impacted by a wage dispute, exacerbating its financial woes amidst broader economic pressures. The wage row has led to disruptions in KEI Industries' production and operational efficiency, affecting its ability to meet market demands and maintain profitability. This situation underscores the critical nature of resolving labour disputes swiftly to mitigate adverse i..

Next Story
Infrastructure Urban

Hyderabad Aims for World-Class Status

Telangana Chief Minister K Chandrasekhar Rao emphasized the state government's commitment to developing Hyderabad into one of the world's best cities. During a recent event, Rao highlighted several key initiatives aimed at enhancing the city's infrastructure, urban planning, and overall quality of life. He noted that the government's comprehensive approach includes substantial investments in various sectors to ensure sustainable growth and development. Rao detailed plans for significant improvements in transportation, including the expansion of metro rail services, upgrading road networks, an..

Next Story
Infrastructure Urban

Ferrari's First Electric Car Debuts

Ferrari is set to launch its first fully electric vehicle (EV), with a price tag exceeding $500,000, as reported by industry sources. This move marks Ferrari's entry into the electric vehicle market, aligning with the global shift towards sustainable mobility and reducing carbon emissions. Ferrari, electric vehicle, $500,000, sustainable mobility, carbon emissions. The new electric Ferrari, expected to debut in 2025, promises to uphold the brand's legacy of high performance and luxury. The vehicle will feature advanced technology, ensuring it delivers the iconic Ferrari driving experience desp..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000

Join us Telegram