H-RERA has directed prominent developers, including Raheja Developers, Ramprastha Developers, Tashi Land Developers, and Sunrays Heights, to deliver long-overdue flats to their buyers within 90 days, along with annual interest payments of approximately 11% for the delays. The regulatory body uncovered cases where buyers had paid substantial sums, some reaching INR 1 crore, but faced significant delays. Orders were issued for immediate handover and compensation, with warnings of legal action if developers fail to comply. The cases highlight the ongoing challenges in property delivery timelines within Gurugram's real estate sector.
H-RERA in Gurugram has issued directives to four prominent developers-Raheja Developers, Ramprastha Developers, Tashi Land Developers, and Sunrays Heights-requiring them to hand over flats to their buyers within 90 days. Additionally, they have been instructed to compensate buyers with an annual interest of around 11% on their investments. The authority cautioned that any failure to comply with these orders would lead to legal proceedings.
Upon investigating individual cases, the regulator discovered that investors, who had paid amounts ranging from INR 13 lakh to INR 1 crore, had encountered significant delays beyond the agreed delivery timelines. In the first case, H-RERA penalised Raheja Developers for failing to hand over a flat valued at INR 74 lakh to Delhi residents Dharampal Singh and Manjeet Kaur Swami. The buyers had purchased the flat in Shilas, Sector 109, in 2010 and had paid INR 66 lakh. However, they had not received possession due to the absence of an occupancy certificate from the Department of Town and Country Planning. H-RERA member V.K. Goyal directed the developer to grant possession within 90 days and pay interest for the delay.
In another instance, Vijay Kumar and Sonali Rajak from Dwarka booked a flat in Primera Society, Sector 37D, in 2013, making a payment of INR 1 crore. They were originally meant to receive possession in 2018. H-RERA instructed Ramprastha Developers to pay an annual interest rate of 11.1% from February 2018 until possession is handed over.
Similarly, Dwarka Sector 9 resident Sushma Rani, who paid INR 76 lakh to book a flat in Capital Gateway, Sector 111, back in 2015, has yet to receive possession. H-RERA member Ashok Sangwan mandated that Tasha's Land Developers provide an annual interest of 11.1% from 2015 onwards. H-RERA has issued a warning that if possession and interest payments are not completed within the 90-day period, legal action will be pursued under the H-RERA Act.
In a separate case, Ruchika Yadav, a resident of Krishna Colony in Gurgaon, paid INR 13.5 lakh for a flat in 63 Golf Heights, Sector 63A, with an expected possession date in 2021. As per H-RERA's directive, Sunrise Heights Pvt Ltd is required to deliver the flat and provide interest within the next 90 days.
H-RERA's recent orders reflect a strong stance on ensuring that developers adhere to their commitments to homebuyers, aiming to safeguard buyer investments and promote accountability in Gurugram's property sector. By mandating timely handovers and financial compensation, H-RERA is reinforcing the importance of transparent, contract-compliant dealings in the real estate market. The authority's commitment to enforcing the rules serves as a reminder to developers of the legal implications for non-compliance, signalling a positive step toward enhanced buyer protection and trust in the sector.
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