Flats Not Ready in Time, Rera Asks Developer to Pay Rs 2 Crore to Buyers

Flats Not Ready in Time, Rera Asks Developer to Pay Rs 2 Crore to Buyers

The Haryana Real Estate Regulatory Authority (H-Rera) on Thursday ordered a city-based developer to pay delay possession charges (DPC) of Rs 2 crore to homebuyers for failing to deliver flats in time.

H-Rera chairman KK Khandelwal directed Spaze developers to pay the compensation to the homebuyers, while disposing of complaints by over 80 allottees in multiple projects.

For one of these projects, Spaze Privy AT4 in Sector 84, the regulatory authority has directed the developer to submit documents related to ‘deed of declaration’, sanction of floor area ratio (FAR) and also proof regarding final offer of possession.

Khandelwal has also ordered the planning branch of the authority to issue notices to the developer for violation of Section 14(2) (ii) of the Act and also non-completion of the project within the stipulated period and not applying for extension of registration within the prescribed time.

Over the past one week, the regulatory authority has directed several developers in the city to pay DPC to the allottees.

Sana Realtors, the promoter of Precision Soho Tower in Sector 67, was told to pay DPC for every month of delay till the actual handing over of the project, which comes around Rs 3 crore. H-RERA has also issued a warrant against the promoter for their appearance before the regulatory authority with all project-related documents.

Parsvanath Hessa, another developer, has been directed by the authority to pay DPC for the lapse of 11 years from the promised date of possession by the promoter to the homebuyers.

Source : TOI

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