Freeze all real estate agent’s bank accounts: H-rera | Chandigarh News

Chandigarh: Gurugram Bank of Haryana Real Estate Regulatory (H-Rera) has issued a notice freezing all accounts associated with the real estate company Mahira Infratech Limited, formerly known as Sai Aaina Farms Private Limited, which was developing a project ‘Affordable Group Housing Colony’ estate on approximately 10 acres in Sector 68.
The authority ordered the district manager to provide bank account details along with statements of all accounts associated with the promoters. It has come to the knowledge of the authority that these accounts are operational other than those declared during registration.
Earlier this month, the Department of Land Use Planning (DTCP) issued an order canceling the project’s license and asked H-Rera to freeze the company’s account with immediate effect.
According to the Real Estate (Regulation and Development) Act 2016, Rera has the right to revoke the registration of projects under Section 7 and this is the extremely penalizing action it has taken. The authority has registered various affordable group housing projects associated with Mahira Group, namely Mahira Homes-103 developed by Mahira Buildtech Pvt Ltd, Mahira Homes in Sector 63A, Mahira Homes 95, Mahira Homes 104 developed by Czar Buildwell Pvt Ltd .
The authority has requested banks to provide in writing details along with certified copies of bank statements of all accounts associated with these promoters opened at any branch of all banks anywhere in Gurugram or NCR at the earliest. .
H-Rera chairman KK Khandelwal said he asked the bank to freeze the company’s account. “Many people have parked their funds and invested their shares in the project, which is not ready to take off, so the company’s bank accounts have been frozen to protect the interests of buyers,” he said. he adds.

Shawanda H. Saldana