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GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) bench in Gurugram has mandated Agrante Realty to pay a 10.9% annual interest as compensation for delayed possession to a homebuyer in their Kavyam affordable housing project located in Sector 108. This ruling, issued on October 8, was a result of the builder’s failure to deliver the flat despite having received nearly full payment by 2022.
Homebuyer Alok Ranjan Tripathi booked his flat in 2019, signing the apartment buyers agreement on August 29 of the same year, which set the possession deadline as August 31, 2023. Agrante was later granted a six-month extension due to the COVID-19 pandemic, moving the revised deadline to February 20, 2024. Although Tripathi had paid over 95% of the sale amount by December 2022, the builder did not secure the occupation certificate or provide possession by the time of the October 2025 order.
Rera dismissed Agrante’s claims of force majeure and construction restrictions, stating that delays were unjustified beyond the six-month COVID extension. The authority instructed Agrante to pay interest from February 2024 until possession is granted, complete all amenities before handover, and execute the conveyance deed within three months of obtaining the occupation certificate. This reinforces buyer protections in the local housing market.
Furthermore, the authority prohibited the builder from imposing any additional charges that were not outlined in the original agreement.
A senior Rera official emphasized the authority’s stringent stance on delayed projects, especially in the affordable housing sector where possession timelines are frequently prolonged. “By holding Agrante Realty accountable and enforcing clear financial penalties, the authority has made it clear that ongoing pollution bans and procedural excuses cannot be used to justify extended delays,” he stated.
