The Haryana Real Estate Regulatory Authority (RERA) has taken the decision to cancel the registrations of five housing projects belonging to Mahira Infratech. This move comes as a response to alleged violations and non-compliance with regulatory requirements by the developer.
The cancellation of registrations by Haryana RERA is a significant step aimed at ensuring accountability and safeguarding the interests of homebuyers. It underscores the authority’s commitment to upholding transparency and integrity in the real estate sector.
Mahira Infratech’s housing projects were found to be non-compliant with various provisions of the Real Estate (Regulation and Development) Act, 2016, as well as other regulatory guidelines. The cancellation of registrations serves as a warning to developers to adhere strictly to the norms laid down by RERA to protect the rights of homebuyers.
The decision by Haryana RERA to revoke the registrations of Mahira Infratech’s projects is likely to impact the affected homebuyers, who may now seek recourse for their investments. It also sends a strong message to other developers to comply with RERA regulations to avoid similar consequences.
As Haryana RERA takes stringent action against non-compliant developers, it reinforces the authority’s commitment to ensuring transparency, accountability, and consumer protection in the real estate sector. The cancellation of registrations underscores the importance of regulatory oversight in promoting fair practices and maintaining trust in the real estate market.
