Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Earlier this week, over 1,400 distressed homebuyers of the Mahira Homes project in Sector 68, Gurugram, staged a protest at Jantar Mantar, seeking urgent intervention from the central government. The project, launched in 2017 under the affordable housing scheme, has remained incomplete despite buyers having paid between 95% to 100% of the flat cost. The license for the project was revoked in 2022 due to alleged document forgery and financial irregularities, followed by cancellation of its RERA registration. Although a techno-feasibility report by NBCC suggested completion with additional payments, buyers have firmly opposed bearing further financial burden.
Over 1,400 homebuyers of Mahira Homes in Sector 68, Gurugram, came together at Jantar Mantar earlier this week to demand immediate government intervention in their long-stalled housing project. With construction work halted for over two years, buyers urged the central government to initiate a resolution mechanism that could help resume work and ensure completion of their long-awaited homes. Advertisement
The Mahira Homes project, launched in 2017 under Haryana's Affordable Housing Scheme, was initially slated for completion by August 2022. However, construction stalled midway, leaving only skeletal structures behind. Despite having made between 95% to 100% of the payment, homebuyers have been left grappling with dual financial stress-paying both rent and home loan EMIs-with no possession in sight.
The Department of Town and Country Planning (DTCP) had revoked the builder's license in 2022 on grounds of forged documents and discrepancies in approvals. Subsequent financial audits found that funds from the project's escrow account had been misused, and buyers' money was not being routed properly. Haryana Real Estate Regulatory Authority (H-RERA) eventually cancelled the project's registration earlier this month, adding another layer of uncertainty for investors.
The Enforcement Directorate had arrested Mahira Group's Managing Director, Sikander Chhoker, last year in connection with alleged money laundering and misappropriation of funds. Although he was granted bail by the Punjab and Haryana High Court in February, the project remains abandoned, with no clear roadmap for completion.
In a further development, the National Buildings Construction Corporation (NBCC) conducted a techno-feasibility report, estimating that an additional INR 500,000 to INR 1,000,000 would be required from each buyer to complete the project. However, buyers have firmly refused this proposal, stating that they should not be made to suffer for a builder's wrongdoing. They asserted that despite exhausting all available legal and administrative channels-be it DTCP, RERA, local MLAs, or courts-they have received no relief or plan for revival of the project.
Many of these buyers are middle-class families who had invested their life savings with the hope of securing a home. The protest at Jantar Mantar reflected their growing frustration and fear of never receiving the flats they had paid for years ago.
The Mahira Homes case is not an isolated incident. It joins a growing list of delayed or stalled real estate projects across NCR, where regulatory lapses, developer misconduct, and lack of timely government action have left thousands of families in limbo. While authorities have initiated disciplinary action in some cases, affected buyers often find themselves stuck in a prolonged battle for justice, without access to their homes or refunds.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
