The Haryana Real Estate Appellate Tribunal (HREAT) has recovered Rs 39.88 crore while the Haryana Real Estate Regulatory Authority (HRERA), Gurugram, has recovered Rs 8.61 crore from errant developers and refunded buyers over the last four years from 2019 to May 2023. This comes as good news for buyers who have been waiting for years to receive their refunds for delayed possession of their properties.
According to a HRERA document, it has refunded a total of Rs 39,88,44,778 to buyers from 2019 to May 31, while the buyers have received Rs 8, 61,19,277 crore through the HRERA court from 2020 to May 31. This shows the grievance-redressal mechanism put in place by HRERA to safeguard the interest of buyers and to ensure timely delivery of their properties.
The HRERA has been relentlessly pursuing concerned offices of district collectors for carrying out the recovery process, and it has issued warrants to different promoters during the recovery process. These efforts have finally borne fruit, as the HRERA has succeeded in recovering a substantial amount of money owed to aggrieved buyers.
Meanwhile, the HRERA, Gurugram, announced that it has pronounced more than 7,000 judgments within five years. This impressive number highlights the efficiency of HRERA in delivering justice to the buyers who have been affected by delayed possession or other grievances.
Till February 2023, the court has decided 4,115 cases of delayed possession charges. The fact that the court has been able to resolve such a large number of cases goes to show the dedication and commitment of HRERA to ensure that the interests of buyers are protected at all times.
According to officials, more than 3.5 lakh units in different projects registered with the HRERA are directly under its supervision. More than 2.54 lakh units have already been delivered to allottees by promoters. This high rate of delivery is a reflection of the effectiveness of HRERA in ensuring timely delivery of properties to buyers.
The HRERA Gurugram has received 25,509 complaints till February, of which 12,640 cases were pursued further by the complainants through the court, and the remaining 12,869 cases have been settled between the parties outside the court due to the intervention by HRERA. This shows the impact of HRERA in resolving complaints of buyers and promoters outside the court for the benefit of both parties concerned.
In conclusion, the recovery of Rs 39.88 crore by HREAT and Rs 8.61 crore by HRERA is a significant achievement, and it highlights the success of HRERA in safeguarding the interests of buyers in Gurugram. The fact that the HRERA has been able to refund a substantial amount of money to buyers who have been affected by delayed possession charges, highlights its commitment to ensure that developers honor their commitments to buyers. The HRERA has emerged as a key institution, and it has been instrumental in ensuring that justice is delivered to buyers in Gurugram.
