Five real estate projects owned by Mahira Infratech Private Limited and Czar Buildtech Private Limited have been cancelled by the Real Estate Regulatory Authority (RERA) in Gurugram.
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This happened on Monday because the promoters of Mahira didn’t follow the rules of the RERA Act. The authority did this because the construction of the five affordable housing projects in different parts of Gurugram was not finished.
“After reviewing the case and evidence from the proceedings, the RERA found that the promoter willfully broke many rules of the RERA Act 2016 and its related rules,” the Authority explained. “We discovered that the promoter wrongly used money from homebuyers in all five projects,” it added.
“The Authority has decided to cancel the registrations of the affordable housing projects that were registered by this Authority under Section 7(1)(a), (b), and (d) of the Real Estate (Regulation and Development) Act 2016, Haryana Real Estates (Regulation and Development) Rules, 2017, and Regulations of the Haryana Real Estate Regulatory Authority (RERA), Gurugram,” stated RERA in its order.
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It also prohibited the promoter from using websites related to those projects. They mentioned that the promoter’s name will be listed as a defaulter on RERA’s website.
The Authority has instructed the banks managing the projects’ accounts to freeze them under Section 7(4)(c) of the Act. This action doesn’t impact the rights of the allottees under the RERA Act 2016 and its associated Rules and Regulations, clarified the Authority.
There are five affordable housing projects launched by Mahira Infratech and Czar Buildtech in Gurgaon. These include Mahira Homes in Sector 68, 104, 103, 63A, and 95. The authority inspected the construction progress at all these project sites on February 14.
Arun Kumar, who heads RERA, spoke out about Mahira Homes’ promoter not paying on time many times. He said RERA’s job is to look after homebuyers’ rights as per the RERA Act. Hence, RERA decided to cancel the registration of all five Mahira Homes projects because of this problem.
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Kumar made it clear this was to protect the homebuyers’ interests. Currently, RERA is trying to find different ways to complete these projects.
