Wednesday, July 24, 2024

HRera Cancels Registrations for All Five Mahira Projects

In a significant move, the Haryana Real Estate Regulatory Authority (HRera) has revoked the registration of all five affordable housing projects undertaken by Mahira Infratech Private Limited. This decision comes as a consequence of the developer’s failure to adhere to the provisions outlined in the Rera Act and to complete the projects as promised.

The projects, situated in sectors 68, 104, 103, 63A, and 95, have had their registrations nullified under the provisions of Section 7(1)(a), (b), and (d) of the Rera Act, 2016, as per the HRera order.

Chairman of HRera, Arun Kumar, emphasized the regulatory body’s commitment to protecting the rights of allottees and ensuring compliance with the Rera Act. He stated, “Mahira Home promoter’s default on various accounts left us with no choice but to revoke the registration of all its five projects. We are now seeking viable options to complete these projects.”

The order also entails that, pursuant to Section 7(4)(a) of the law, the promoter will be barred from accessing the HRera website for the respective projects. Additionally, the name of the promoter will be listed as a defaulter on the authority’s website.

Furthermore, under Section 7(4)(c) of the Act, banks holding the projects’ accounts are instructed to freeze these accounts until further notice. However, the authority clarified that this action does not prejudice the statutory rights of the allottees under the Rera Act, 2016, and its associated rules and regulations.

The decision to revoke registrations was reached after careful consideration of the facts and details presented during the proceedings, which indicated the promoter’s violation of various provisions of the Rera Act, 2016. It was also noted that the promoter had illicitly diverted funds deposited by homebuyers across all five projects.

Earlier inspections conducted on February 14 revealed the lack of progress at Mahira project sites. Additionally, HRera-Gurgaon officials convened a session with approximately 100 homebuyers from Mahira projects in the same month to address their concerns. During this meeting, it was communicated to homebuyers that the registrations for the projects would be revoked.

Mahira Homes promoters are currently under investigation by the Enforcement Directorate for allegedly diverting approximately Rs 107 crore out of the Rs 350 crore collected from homebuyers of the Sector 68 project. The company had initially committed to constructing around 1,500 affordable houses across 10 acres of land in the sector.

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