Haryana RERA calls out Adani for ad
Real Estate

Haryana RERA calls out Adani for ad

The Haryana Real Estate Regulatory Authority's (H-RERA) Gurgaon bench has issued notices to Adani M2K Projects, a joint venture of Adani Realty and the M2K group, and property agent Naveen Associates for advertising an unregistered project.

The H-RERA has also initiated penal proceedings against the companies where the penalty of violations may go up to Rs 12 crore against the promoter and Rs 2.7 crore against the real estate agent.

The authority served a show-cause notice to the project's promoter and directed it to produce records pertaining to the property that has been sold before the authority.


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


Make in Steel 2021

24 February 

Click for event info


H-RERA said a trend has been observed where promoters advertised, marketed or sold units in their real estate projects, offline as well as online, without registering the projects with the regulatory body.

Per the RERA Act, it is mandatory for all residential and commercial real estate projects where the land is over 500 sq m, or which have at least eight apartments, to register with the regulatory body to launch those to provide greater transparency in project-marketing and execution.

The RERA Act mandates that no real estate agent can participate in advertisement, market or sale of any project without getting themselves or their association registered with the RERA.

Also read: Haryana RERA bans sale of 50,000 unregistered units

The Haryana Real Estate Regulatory Authority's (H-RERA) Gurgaon bench has issued notices to Adani M2K Projects, a joint venture of Adani Realty and the M2K group, and property agent Naveen Associates for advertising an unregistered project. The H-RERA has also initiated penal proceedings against the companies where the penalty of violations may go up to Rs 12 crore against the promoter and Rs 2.7 crore against the real estate agent. The authority served a show-cause notice to the project's promoter and directed it to produce records pertaining to the property that has been sold before the authority.4th Indian Cement Review Conference 202117-18 March Click for event infoMake in Steel 202124 February Click for event info H-RERA said a trend has been observed where promoters advertised, marketed or sold units in their real estate projects, offline as well as online, without registering the projects with the regulatory body. Per the RERA Act, it is mandatory for all residential and commercial real estate projects where the land is over 500 sq m, or which have at least eight apartments, to register with the regulatory body to launch those to provide greater transparency in project-marketing and execution. The RERA Act mandates that no real estate agent can participate in advertisement, market or sale of any project without getting themselves or their association registered with the RERA. Also read: Haryana RERA bans sale of 50,000 unregistered units

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000