Monday, June 27, 2022



Gurugram realty body issues notice to freeze accounts of real estate firm

Gurugram, May 21, 2022- The Haryana Real Estate Regulatory Authority (HRERA), Gurugram, has issued a notice directing the freezing of all accounts associated with a real estate firm.

The company M/s Mahira Infratech ltd, previously known as M/s Sai Aaina Farms Pvt. Ltd, was developing a real estate project titled ‘Affordable group housing colony’ over an area measuring nearly 10 acre in Gurugram’s Sector-68.

The real estate body directed the Lead District Manager of the company to furnish the details of bank accounts along with statements of all accounts associated with its promoters, it has come to the notice of the authority that these accounts are operational other than those declared at the time of registration.

Earlier in May, the Haryana Town and Country Planning Department passed an order for cancellation of the license of a project and informed the HRERA for cancellation of license and requested it to freeze the account of the company with immediate effect.

According to The Real Estate (Regulation and Development) Act, 2016, the HRERA has the right to revoke the registration of a project under section 7 and this is the extreme punitive step taken by it.

The real estate body has registered various affordable group housing projects associated with the Mahira Group such as Mahira Homes-103 developed by Mahira Buildtech Pvt. Ltd, Mahira Homes in sector 63-A, Mahira Homes 95, Mahira Homes 104 developed by Czar Buildwell Pvt. Ltd.

The HRERA has asked the bank to furnish in writing the details along with attested copies of bank statements of all accounts associated with these promoters opened with any branch of all the banks anywhere in Gurugram or NCR at the earliest.

K.K Khandelwal, Chairman, HRERA, said, “We asked the bank to freeze the account of the company so that hard earned money of innocent buyers can’t be siphoned off for other purposes by the company. This decision by the real estate authority will send a strong message to erroneous builders that wrong action on their part will not be ignored and will be penalised strictly.”  (Agency)

Subscribe to YesPunjab Telegram Channel & receive important news updates

- Advertisement -

Yes Punjab - TOP STORIES

Punjab News

Sikh News

Transfers, Postings, Promotions

- Advertisement -spot_img

Stay Connected






Understanding who lit the flames of ‘Agnipath, and why – by Kavya Dubey

It is an indescribably inspiring feeling to see a 'fauji' on the move - clad in his camouflage uniform at a railway platform with...

Prez poll: Draupadi Murmu’s nomination tactical outreach to tribals – by Sunil Trivedi

New Delhi, June 26, 2022- The nomination of Draupadi Murmu as NDA's Presidential candidate has been seen as a tactical political outreach to the...

Natural disasters need a long-term planning – by Narvijay Yadav

Some troubles catch us unprepared, while some natural disasters are well known to the state governments, central government, local administration, and common citizens also....


Health & Fitness

Flu vax linked to 40% reduced risk of Alzheimer’s disease: Study

New York, June 26, 2022- People who received at least one influenza vaccine were 40 per cent less likely than their non-vaccinated peers to develop Alzheimer's disease over the course of four years, according to a new study. Research from University of Texas Health Science Center, Houston compared the risk of Alzheimer's disease incidence between patients with and without prior...

Gadgets & Tech

error: Content is protected !!