Haryana RERA Court Fines Vatika for Breaching Builder-Buyer Agreement

19 Apr 2024 CW Team

In a significant development, the Haryana Real Estate Regulatory Authority (RERA) has imposed a fine on Vatika Limited for breaching the builder-buyer agreement. This ruling highlights the regulatory oversight and enforcement mechanisms in place to safeguard the interests of homebuyers in the state.

The penalty imposed on Vatika Limited underscores the importance of adherence to contractual obligations and transparency in real estate transactions. By holding developers accountable for violations of builder-buyer agreements, Haryana RERA aims to instil confidence among homebuyers and promote fair practices in the real estate sector.

The case against Vatika Limited serves as a reminder to developers regarding the repercussions of non-compliance with regulatory norms and contractual obligations. It reinforces the principle that developers must fulfil their commitments to homebuyers and comply with the provisions of the Real Estate (Regulation and Development) Act.

The fine imposed by Haryana RERA underscores the authority's commitment to upholding consumer rights and ensuring accountability in the real estate market. It sends a clear message that regulatory bodies will take strict action against entities found guilty of flouting regulations and mistreating homebuyers.

As the real estate sector continues to evolve, regulatory interventions such as those by Haryana RERA play a crucial role in maintaining market integrity and protecting the interests of all stakeholders. The imposition of fines on developers for breaching builder-buyer agreements reflects the regulatory vigilance necessary to foster a transparent and responsible real estate ecosystem.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..