Haryana RERA Penalizes Countrywide Promoters

25 Apr 2024 CW Team

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.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..