HRera has ordered four prominent developers — Raheja Developers, Ramprastha Developers, Tashi Land Developers, and Sunrays Heights — to deliver flats to their buyers within 90 days and pay approximately 11% annual interest on investments. Rera also issued a warning that non-compliance will result in legal proceedings.
The regulator’s investigation of individual cases revealed that investors, who had paid amounts ranging from Rs 13 lakh to Rs 1 crore, experienced substantial delays beyond the contractually agreed delivery dates.
In the first case, H-Rera penalised Raheja developers as they failed to hand over a Rs 74 lakh flat to Delhi residents Dharampal Singh and Manjeet Kaur Swami. They bought the flat in Shilas, Sector 109, in 2010 and paid Rs 66 lakh, but did not receive possession due to the absence of an occupancy certificate from the Department of Town and Country Planning.
HRera member V.K. Goyal ordered the developer to grant possession within 90 days and pay interest for the delay.In another case, Vijay Kumar and Sonali Rajak from Dwarka booked a flat in Primera Society of Sector 37D in 2013 and paid Rs 1 crore. They were supposed to receive possession in 2018. HRera mandated Ramprastha Developers to pay 11.1% annual interest from Feb 2018 until possession is granted.
Dwarka 9 resident Sushma Rani, who also paid Rs 76 lakh to book a flat in Capital Gateway of Sector 111 in 2015, is yet to receive possession. H-Rera member Ashok Sangwan ordered Tasha’s Land Developers to pay 11.1% per annum interest from 2015.
A warning of legal action under the H-Rera Act has been issued if possession and interest payments are not made within 90 days.
Ruchika Yadav, a resident of Krishna Colony in Gurgaon, paid Rs 13.5 lakh for a flat in 63 Golf Heights, Sector 63A, and was scheduled to receive possession in 2021. As per H-Rera’s order, Sunrise Heights Pvt Ltd must hand over the flat and provide interest within 90 days.
