GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has ordered a developer to compensate a couple over ₹77 lakh due to delays in a project on Golf Course Road.
Despite a delay of more than three years, the developer failed to deliver the apartment in the Parsvnath Exotica project located in sectors 53-54. Construction was halted for four years, and the necessary occupation certificate was not obtained despite numerous requests.
On Tuesday, adjudicating officer Rajender Kumar directed Parsvnath Hessa Developers to pay ₹77.6 lakh to DLF II residents Raj Kumar Chawla and Indu Chawla for lost profits and an additional ₹50,000 for litigation costs.
While the apartment was delivered on March 23, 2018, the RERA stated that the complaint was filed after an initial delay of “already over three years and OC/CC had not been obtained.”
RERA recognized the allottees’ rights under Section 18(1) of the Real Estate (Regulation and Development) Act, stating that “promoters cannot impose endless waits” after payment is made. Payments plus 10.85% interest from the date of the order are “due forthwith,” the officer declared.
The couple had booked a 3,390 sq ft apartment for ₹3.4 crore on September 3, 2012, paying ₹1.5 crore upfront. Possession was expected by January 3, 2015.
In response to their complaint under Section 31 of the Act, RERA referred to a previous ruling in a separate case and mandated a refund of ₹1.5 crore with 10% interest, invoking a Supreme Court ruling from IREO Grace Realtech vs. Abhishek Khanna (2021).
The Chawlas sought ₹82.5 lakh for lost profits, ₹2.15 crore for missed opportunities, as well as 6% interest on deposits for mental anguish, claiming similar units are now valued between ₹4.3-8 crore. Kumar awarded ₹77.6 lakh (50% appreciation on the invested sum) for value appreciation and profit loss, regarding prior interest as compensation for delays. Requests for additional interest (6%) and ₹1 crore for anguish were deemed excessive and denied, while ₹50,000 was granted for costs without court fees. Parsvnath contended that prior interest already compensated all losses.
