Haryana RERA Directs Ansal Builders to Hand Over Possession and Pay Interest for Delay

The Haryana Real Estate Regulatory Authority (Haryana RERA) has taken a strong stance in favor of homebuyers by directing M/s Ansal Townships Infrastructure Private Limited to hand over possession of properties and pay interest for delays. The case, titled Sanjeev Ganguly & Anr Versus M/s Ansal Townships Infrastructure Private Limited (Complaint No: 7354 of 2022), was presided over by the bench comprising Ashok Sangwan (Member).

The authority's decision is a significant victory for consumers who have been facing delays in the delivery of their purchased properties. The complainants, Sanjeev Ganguly and another, had entered into agreements with M/s Ansal Townships Infrastructure Private Limited to purchase flats in a residential project. However, the builder failed to deliver the properties as per the agreed timelines, leading to the filing of the complaint.

The Haryana RERA bench, after a thorough review of the case, found that the builder had violated the provisions of the Real Estate (Regulation and Development) Act, 2016 (RERA). The authority directed M/s Ansal Townships Infrastructure Private Limited to hand over possession of the flats to the complainants and pay interest at the rate of 9% per annum on the paid amount from the date of the agreement until the date of possession.

This decision is expected to set a precedent for similar cases and reinforce the regulatory framework established by RERA. The authority emphasized the importance of adhering to the timelines and contractual obligations to protect the rights of homebuyers.

The Real Estate Regulatory Authority (RERA) was established to regulate the real estate sector and ensure transparency, accountability, and fairness in transactions between builders and buyers. Since its inception, RERA has played a crucial role in addressing grievances and resolving disputes in the real estate market.

In this case, the Haryana RERA bench highlighted the need for builders to comply with the provisions of RERA and fulfill their contractual obligations. The authority's decision not only provides relief to the complainants but also serves as a deterrent to other builders who may be tempted to delay project completions.

The complainants, Sanjeev Ganguly and another, expressed their satisfaction with the decision and thanked the Haryana RERA for their prompt action. They stated that the authority's intervention has brought them closer to realizing their dream of owning a home.

The Haryana RERA has been proactive in addressing consumer grievances and ensuring that builders adhere to the regulatory framework. This case is a testament to the authority's commitment to protecting the interests of homebuyers and maintaining the integrity of the real estate market.

In conclusion, the Haryana RERA's decision to direct M/s Ansal Townships Infrastructure Private Limited to hand over possession and pay interest for delays is a significant step towards ensuring accountability and transparency in the real estate sector. It is hoped that this decision will encourage other builders to adhere to their commitments and provide timely possession to homebuyers.