The Haryana Real Estate Regulatory Authority (H-Rera) has ordered forensic audits of all five affordable housing projects by developer Mahira Group in sectors 63, 68, 95, 103 and 104. 28
The move comes after reports on alleged gross irregularities by the developer in procuring licences for these projects.
The department of town and country planning (DTCP) blacklisted the company, its directors and shareholders last month.
According to a DTCP order, the developer fabricated bank guarantees and forged signatures of bank officials on the documents submitted to the department for procuring the licences of its affordable housing projects.
Now, H-Rera has appointed an executive monitoring engineer to conduct the probe and directed Mahira to submit documents.
In an order, KK Khandelwal, the chief of the Gurgaon H-Rera bench, said his officials visited the sites of these projects and submitted a report about their progress and the physical status of construction.
The report claimed that the construction at site doesn’t seem commensurate with the payments collected from buyers and the developer didn’t submit quarterly progress reports of the projects as well.
Taking action on the complaints, the authority directed the company to furnish details including total amount collected from allottees so far, work done on site, bank accounts where the payments were received, withdrawal from the accounts and annual audit reports of last two financial years within seven days (June 6).
The replies submitted by the developer, however, were found to be not in order, so H-Rera on May 28 restrained the promoter from withdrawing from the project account and from creating any third-party rights by way of mortgage/loan.
“The authority further ordered forensic audit of the project account and fixed audit fees of Rs 50,000 to be paid by the developer and appointed Rera executive monitoring engineer JS Sindhu for conducting the enquiry. The authority further directed the developer to produce books of accounts and documents related to loans, funds diverted to other accounts, allotment of units, amount collected from the allottees from sale of units and other related documents required by the enquiry officer,” said an official.
