The Haryana Real Estate Regulatory Authority (H-RERA) has instructed four major developers—Raheja Developers, Ramprastha Developers, Tashi Land Developers, and Sunrays Heights—to deliver flats to buyers within 90 days and to pay approximately 11% annual interest on the delayed investments. H-RERA warned that non-compliance would lead to legal action.

The authority's investigation found that buyers, who had paid amounts ranging from Rs 1.3 million to Rs 10 million, experienced delays well beyond agreed delivery dates.

In one case, H-RERA penalised Raheja Developers for failing to deliver a Rs 7.4 million flat to Dharampal Singh and Manjeet Kaur Swami in Sector 109's Shilas project. Despite paying Rs 6.6 million, they hadn’t received possession due to the lack of an occupancy certificate. H-RERA’s V.K. Goyal ordered the developer to deliver possession within 90 days and pay interest on the delay.

In another instance, buyers Vijay Kumar and Sonali Rajak, who booked a flat in Primera Society, Sector 37D in 2013 and paid Rs 10 million, were due for possession in 2018. H-RERA directed Ramprastha Developers to pay 11.1% annual interest from February 2018 until possession is granted.

Similarly, Sushma Rani, a Dwarka resident, who paid Rs 7.6 million in 2015 for a flat in Capital Gateway, Sector 111, has yet to receive possession. H-RERA ordered Tashi Land Developers to provide 11.1% interest per annum from 2015.

For Ruchika Yadav from Gurgaon, who paid Rs 1.35 million for a flat in 63 Golf Heights, Sector 63A with a 2021 possession date, H-RERA has directed Sunrise Heights Pvt Ltd to hand over the flat and pay interest within 90 days.

Failure to comply with these orders will lead to legal actions under the H-RERA Act. (ET)