REAL ESTATE MONTHLY DIGEST: NOVEMBER 2024

HARYANA REAL ESTATE REGULATORY AUTHORITY Haryana RERA Orders Raheja Developers To Pay Interest To Homebuyer For Delayed Possession Case – Dharampal Singh & anr Versus M/s Raheja Developers Limited Citation – Complaint No : 2385 of 2023 Haryana Real Estate Regulatory Authority (Authority) bench, comprising Vijay Kumar Goyal (Member), has directed M/s Raheja Developers Limited, to pay interest to the homebuyer for the delay in handing over possession. Additionally, the Authority also held that the terms of agreement including Possession terms are biased in favor of the builder. Haryana RERA Holds Ramprastha Promoters Liable For Delay Of Over 5 Years, Orders Interest To Homebuyer Case – Vijay Kumar & anr Versus M/S Ramprastha Promoters and Developers Pvt. Ltd. Citation – Complaint no. 1214 of 2023 Haryana Real Estate Regulatory Authority (Authority) bench, comprising Vijay Kumar Goyal (Member), has directed M/s Ramprastha promoters & Developers Pvt. Ltd to pay interest to the homebuyer for the delay in handing over possession. The builder was supposed to deliver possession of the flat in February 2018, but the homebuyer received the offer of possession only in April 2023. This delay resulted in the homebuyer filing a complaint before Haryana RERA. Haryana RERA Orders Refund To Homebuyer Of Mahira Homes - 104 Following Revocation Of Project's Registration Case – Sanjay Sharma Versus M/s Czar Buildwell Pvt. Ltd Citation – Complaint no – 5985 of 2023 Haryana Real Estate Regulatory Authority (Authority) bench, comprising Ashok Sangwan (Member), directed M/s Czar Buildwell Pvt. Ltd, to refund the amount paid by the homebuyer of Mahira Homes 104 along with interest following the revocation of the project's registration. On 11 March 2024, authority revoked the registration of five projects of the builder which include Mahira Homes Sector 104, Mahira Homes Sector 68, Mahira Homes Sector 103, Mahira Homes Sector 63A and Mahira Homes Sector 95. Delay Of Over 8 Years, Haryana RERA Directs KNS Infracon To Refund And Settle Homebuyer's Loan Account Case – Bhaskar Das Versus M/s KNS Infracon Private Limited Citation – Complaint No. 4840 of 2022 Haryana Real Estate Regulatory Authority (Authority) bench, comprising Ashok Sangwan (Member), has directed M/s KNS Infracon Private Limited to refund ₹93 Lakhs with interest to homebuyer who purchased a flat in their Capital Gateway Project. Additionally, Authority directed builder to close the homebuyer's loan account with the bank using the refundable amount. Haryana RERA Directs Pareena Infrastructures To Pay Interest, Execute Conveyance Deed In Favour Of Homebuyer Case title – Tarakeswar das & anr versus Pareena infrastructures pvt. Ltd. & others Citation – complaint no: 5638 of 2023 Haryana Real Estate Regulatory Authority (Authority) bench, comprising Arun Kumar (Chairperson) has directed Pareena Infrastructures Pvt. Ltd to pay interest and execute conveyance deed in the favor of homebuyer. Haryana RERA Orders Raheja Developers To Refund Three Homebuyers Of Raheja Revanta Project Case – Arvinder Singh Aneia and Preeti Aneja Versus Raheja Developers Limited Along with 2 others Citation – Complaint No. 2205/2023 and 2 others Haryana Real Estate Regulatory Authority (Authority) bench comprising Ashok Sangwan (Member) has directed Raheja Developers to refund three homebuyers who purchased their flats in the Raheja Revanta Project in 2012 with interest. The homebuyers decided to withdraw from the project after the builder failed to hand over possession even after a delay of 7 years. Haryana RERA Holds AKME Projects Liable For Over 10 Years Of Delay In Manesar Project, Orders Refund To Homebuyer Case – Preeti Yadav & anr Vs. M/s AKME Projects Limited Citation – Complaint no: 4246 of 2023 Haryana Real Estate Regulatory Authority (Authority) bench comprising Ashok Sangwan (Member) has directed M/s AKME Projects Ltd to refund the homebuyer due to a delay of over 10 years in handing over possession. The homebuyer was expected to receive possession of the flat by 18 May 2014. However, authority found that as of 2024 the builder has still not obtained the occupation certificate from the relevant authority. Haryana RERA Orders Ansal Housing To Pay Interest For Delay And Provide Possession Offer To Homebuyer Within Two Months Case – Shri. Sohan Lal Kainth Versus M/s Ansal Housing and Constructions Limited & anr Citation – Complaint No. 638 of 2024 Haryana Real Estate Regulatory Authority (Authority) bench, comprising Ashok Sangwan (Member) has directed M/s Ansal Housing and Constructions Limited to pay interest and provide offer of possession to homebuyer within 2 months. The homebuyer who booked a flat in 2011 expected possession by November 2015. However, due to the builder's failure to deliver the flat on...

REAL ESTATE MONTHLY DIGEST: NOVEMBER 2024

Aryan Raj

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