Haryana RERA Revokes Mahira Infratech's Registrations
Real Estate

Haryana RERA Revokes Mahira Infratech's Registrations

In a significant move, Haryana Real Estate Regulatory Authority (RERA) has revoked the registrations of five housing projects belonging to Mahira Infratech, citing non-compliance with regulatory norms. This decision comes as a stern measure to uphold transparency and safeguard the interests of homebuyers in the state.

Mahira Infratech, a prominent real estate developer, had its registrations cancelled due to alleged violations of various provisions under the Real Estate (Regulation and Development) Act (RERA). The move follows persistent complaints from homebuyers regarding delays in project completion and discrepancies in promised amenities.

The affected projects, located in different parts of Haryana, were aimed at providing affordable housing solutions to the residents. However, amidst mounting concerns over delayed deliveries and lack of adherence to RERA guidelines, the authority took decisive action to address the grievances of aggrieved homebuyers.

This development underscores the growing emphasis on regulatory compliance and accountability within the real estate sector. With RERA playing a pivotal role in streamlining the industry, developers are increasingly required to adhere to stringent guidelines to ensure timely delivery and quality assurance.

The cancellation of registrations serves as a warning to developers, highlighting the repercussions of non-compliance with regulatory frameworks. It also reaffirms the commitment of authorities towards protecting the rights of homebuyers and maintaining the integrity of the real estate market.

In response to the cancellation, Mahira Infratech is expected to explore legal recourse while also striving to mitigate the concerns raised by homebuyers. However, the decision by Haryana RERA sets a precedent for stricter enforcement and accountability, signalling a positive step towards fostering transparency and trust in the real estate ecosystem.

In a significant move, Haryana Real Estate Regulatory Authority (RERA) has revoked the registrations of five housing projects belonging to Mahira Infratech, citing non-compliance with regulatory norms. This decision comes as a stern measure to uphold transparency and safeguard the interests of homebuyers in the state. Mahira Infratech, a prominent real estate developer, had its registrations cancelled due to alleged violations of various provisions under the Real Estate (Regulation and Development) Act (RERA). The move follows persistent complaints from homebuyers regarding delays in project completion and discrepancies in promised amenities. The affected projects, located in different parts of Haryana, were aimed at providing affordable housing solutions to the residents. However, amidst mounting concerns over delayed deliveries and lack of adherence to RERA guidelines, the authority took decisive action to address the grievances of aggrieved homebuyers. This development underscores the growing emphasis on regulatory compliance and accountability within the real estate sector. With RERA playing a pivotal role in streamlining the industry, developers are increasingly required to adhere to stringent guidelines to ensure timely delivery and quality assurance. The cancellation of registrations serves as a warning to developers, highlighting the repercussions of non-compliance with regulatory frameworks. It also reaffirms the commitment of authorities towards protecting the rights of homebuyers and maintaining the integrity of the real estate market. In response to the cancellation, Mahira Infratech is expected to explore legal recourse while also striving to mitigate the concerns raised by homebuyers. However, the decision by Haryana RERA sets a precedent for stricter enforcement and accountability, signalling a positive step towards fostering transparency and trust in the real estate ecosystem.

Next Story
Real Estate

iWO(R)K

It is commonly believed that technology is the key differentiator between a smart and an ordinary workspace. While that is true on one level, it isn’t the whole truth. Conceptually, smartness as associated with an office has evolved from technological novelty to holistic sustainability, workplaces that not only perform but also inspire, explains Dikshu Kukreja, Managing Principal, CP Kukreja Architects. “A truly smart workplace is not simply a matter of embedding devices or automated systems; it is about creating an ecosystem that balances digital intelligence, ecological sensiti..

Next Story
Technology

Bentley’s AI-Driven Infrastructure Vision

Kaushik Chakraborty, Senior Vice President, Asia Pacific & Japan, Bentley Systems, shares with PRATAP PADODE, Editor-in-Chief, CW, how Bentley is reshaping infrastructure. Through AI, model-centric workflows and innovation, technology is helping deliver projects faster, greener and more efficiently across regions.How does Bentley’s global strategy ensure its solutions meet diverse infrastructure needs?Bentley’s technology is designed to scale globally. Projects large and small – from a hotel in Udevo to a 350-km highway in Australia – demonstrate that technology is no bar..

Next Story
Equipment

Handling the Bottom Line

In a highly competitive construction environment, efficient material handling is “the silent engine of profitability”, to quote Vaibhav Kulkarni, General Manager Projects, JP Infra Realty. “It’s not just about moving materials from A to B but developing a strategy to minimise touchpoints, reduce waste and maximise spends.”Planning stageBefore investing in material, Kulkarni recommends designing the material flow. “Map the journey of major materials from the delivery point to their final placement,” he recommends. While doing this, “minimise double-handling and identif..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?