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HomeNewsReal EstateIn five years, H-RERA helped deliver 2.5 lakh flats

In five years, H-RERA helped deliver 2.5 lakh flats

"The vision of Haryana's chief minister was to bring relief to homebuyers and help boost the real estate sector. H-Rera's Gurugram bench has done that job well in five years. The authority will continue to do the good work," H-Rera Gurugram chairman KK Khandelwal said.

The Haryana Real Estate Regulatory Authority’s (H-Rera) Gurugram bench has disposed of over 25,500 cases of aggrieved allottees since coming into existence in 2018. More than 7,000 judgements have been passed, while the regulator ensured the handover of 2.5 lakh units during the period.

“The vision of Haryana’s chief minister was to bring relief to homebuyers and help boost the real estate sector. H-Rera’s Gurugram bench has done that job well in five years. The authority will continue to do the good work,” H-Rera Gurugram chairman KK Khandelwal told the media.

The regulator has received as many as 25,509 complaints to date, of which 12,640 cases were pursued further by the complainants through the court while the remaining 12,869 have been settled between the parties outside court with intervention from the authority.

“The Rera court has decided 4,115 cases of the delayed possession charges, in which complainants got Rs 3,500 crore from defaulter developers,” he said. “Similarly, the court decided 2,246 cases of refund in which complainants received Rs 2,500 crore from the developers. Such recovery was unbelievable in the pre-Rera era.”

Khandewal said that the regulator has set milestones by ensuring developers complete projects in a time-bound manner and hand over units as per commitment.

“Now developers are complying with the rules and acts. And currently, more than 3.5 lakh units in different projects are directly under its supervision. More than 2.54 lakh units have already been delivered to allottees by the developers, It is a great achievement,” said Khandelwal.

The Real Estate (Regulation and Development) Act, 2016, seeks to protect buyers and boost investments in the real estate industry.

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