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Haryana RERA ordered Godrej Highview to hand over possession of a flat booked in 2018 and pay statutory interest for delay after missing the 2023 delivery timeline. The regulator rejected the developer’s force majeure argument and directed delivery after obtaining the occupation certificate.
11:46 PMEconomic Times RealtyThe Supreme Court froze the bank accounts of Parsvnath Developers and its directors and issued warrants against company officials in a long-running homebuyer dispute involving senior citizens. The court also faulted Haryana authorities for failing to enforce RERA orders and raised concerns about regulator inaction and possible collusion.
7:30 AMEconomic Times RealtySummary
Haryana RERA ordered Godrej Highview to hand over possession of a flat booked in 2018 and pay statutory interest for delay after missing the 2023 delivery timeline. The regulator rejected the developer’s force majeure argument and directed delivery after obtaining the occupation certificate.
Why it matters
The order strengthens buyer enforcement under RERA and increases the cost of delays for developers in Gurgaon’s high-rise market.
Summary
The Supreme Court froze the bank accounts of Parsvnath Developers and its directors and issued warrants against company officials in a long-running homebuyer dispute involving senior citizens. The court also faulted Haryana authorities for failing to enforce RERA orders and raised concerns about regulator inaction and possible collusion.
Why it matters
The order signals that courts may directly enforce buyer relief when RERA and state machinery fail, raising the cost of non-compliance across the housing market.
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