Tag: Haryana Real Estate Regulatory Authority (HRera)

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Gurugram: RERA Orders ₹50L Compensation After 13-Year Delay

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has ordered Ramprastha Promoter and Development Pvt Ltd to pay Rs 50 lakh as compensation, along with an 11% annual interest, to a homebuyer due to significant delays in delivering a residential unit in the Edge Tower project, situated in Sector 37D. Vinod Kumar Gupta, the complainant, had booked the unit in 2010 for Rs 49.8 lakh, with an expected possession date of August 31, 2012. However, the project remains unfinished years later. Gupta had initially sought a refund through HRera. In October 2022, the authority instructed the developer to refund the…

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Haryana RERA Orders Godrej to Deliver Delayed Flats, Pay Interest

GURUGRAM: After eight years of delays in a Sohna residential project, the real estate regulator has instructed the developer to transfer possession of the unit to buyers and pay interest for the delay until the handover occurs. The Haryana Real Estate Regulatory Authority (HRera) also prohibited Godrej Highview from imposing any unapproved charges and provided any necessary relief. The buyers — Ravi Kant Thakral, Minakshi Thakral, and Anuj Thakral — contended that their apartment in Sector 33 was supposed to be delivered by June 30, 2023. They purchased the flat in Tower T4 of the Godrej Nature Plus project in…

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NCLT Admits Insolvency Case from 176 Raheja Revanta Buyers

GURUGRAM: The principal bench of the National Company Law Tribunal (NCLT) has admitted an insolvency petition from 176 homebuyers of Raheja Developers’ Revanta project in Sector 78. The tribunal found a prima facie case of default, noting the developer failed to deliver possession despite significant payments made by the allottees. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC) by Surinder Aggarwal and 175 other allottees who collectively hold 99 units in the luxury residential project. They reported that they had paid over Rs 137 crore for their flats, with many having settled up to…