Haryana RERA Orders Pareena Infrastructure Action

21 Nov 2024 CW Team

Haryana RERA has issued a directive to Pareena Infrastructure, instructing the company to hand over the possession of flats to buyers within the next 30 days. This decision comes after complaints from homebuyers regarding delays in possession, with several residents still waiting for their properties despite having made full payments.

RERA's intervention aims to ensure that developers meet their contractual obligations and fulfill commitments to customers on time. The order is a significant step toward reinforcing buyer rights and holding builders accountable for construction delays, an issue that continues to affect many homebuyers in India.

The ruling highlights RERA's role in safeguarding consumer interests by addressing non-compliance and ensuring that developers adhere to timelines. Pareena Infrastructure, now under scrutiny, must expedite the delivery process and resolve any pending documentation or construction work to meet the deadline set by the regulatory authority.

This move is part of Haryana RERA’s broader efforts to ensure smooth project completions and enforce industry standards that prioritize transparency and accountability. It also serves as a reminder to developers that failure to comply with the RERA guidelines can lead to serious repercussions, including legal actions and penalties.

The 30-day deadline marks a crucial step in resolving the ongoing issue and provides relief to the affected homebuyers, who are eagerly awaiting possession of their flats. This order reinforces the importance of RERA in maintaining discipline within the real estate sector and ensuring that developers uphold their commitments.

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