Dues cannot be used to cancel an allocation, Said Gurugram Builder

GURUGRAM: The Mahira Group is prohibited by the Haryana Real Estate Regulatory Authority (H-Rera) from canceling any units of the allottees in its affordable housing project in Sector 63A due to non-payment of any outstanding fees.

Following a request from the investors, who stated that they had already paid 50% of the project’s cost “whereas there has been just 5% construction at the site,” the regulator issued its ruling.

Section 36 of the Rera Act was cited by the regulator in its ruling on Thursday, preventing the builder from canceling any units in the project until the following hearing date.

“The developer is additionally instructed to establish rights for third parties once the current complaint is still pending. Additionally, the promoter will receive the application from the allottees and have two weeks after the order is ready to file a reply.

Rera had prohibited the builder from canceling any units owing to non-payment of the installments that were due by the original payment plan in its order from September 2022.

“Although we value the Rera’s order, the buyers were just given an additional date. We need a construction-linked arrangement for compensation and ongoing project monitoring, said one of the allottees.

“The company is raising demand as per the norms,” a builder’s spokeswoman said. “The project will be finished as per the agreement and funds will be required for the same.”

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top