Haryana Gurgaon RERA orders Pareena Infrastructure to hand over flats to buyers within 30 Days
“The respondent, Pareena Infrastructure Pvt Ltd, is directed to also execute the conveyance deed in favour of the complainants after settling the dues, if any, within 90 days from the date of this order,” stated the Authority.
Gurgaon : In a relief to buyers who were waiting for possession of their own home units for over four years, the Haryana Real Estate Regulatory Authority (H-Rera) passed an order directing Pareena Infrastructures Private Limited to hand over the units to them within 30 days from the date of the order pronounced on Nov 8.
While adjudicating the matter, chairperson of the Authority, Arun Kumar, also directed the city-based real estate promoter to pay the delayed possession charges (DPC) to the buyers.
“The respondent, Pareena Infrastructure Pvt Ltd, is directed to also execute the conveyance deed in favour of the complainants after settling the dues, if any, within 90 days from the date of this order,” stated the Authority.
The DPC interest must be paid at the 11.1 percent prescribed annual rate of interest.
One of the buyers and the complainant in the case, Tarakeswar Das, booked his home unit in the group housing project Micasa, being developed in Sector 68, by Pareena Infrastructure Pvt Ltd in 2016.
The possession was due to take place in 2020, but when the promotor failed for deliver, the complainant filed a case against them in H-Rera court in Dec 2023.
The Authority said the promoter delayed the delivery of the allotted units to bereaved, flouting the terms and conditions of their agreement.
“The promoter failed to fulfil their obligations and responsibilities as per the agreement and hand over the possession within the stipulated period,” the Authority stated.
News Source :- https://realty.economictimes.indiatimes.com
Frequently Asked Questions
How much should I keep as a buffer beyond the price?
Set aside for stamp duty, registration, GST where it applies, interiors, and a contingency. A buffer of a meaningful share above the base price is prudent.
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How do I choose between two similar projects?
Compare the builder record, RERA status, carpet area, real amenities, connectivity and total cost, not just the headline price. Visit both before deciding.
What is the property registration process in India?
You sign a registered sale deed, pay stamp duty and complete the mutation in your name. Our registration guide covers every step.
What is stamp duty and who pays it?
Stamp duty is the state tax on registering a property, usually paid by the buyer. Rates vary by state, with a rebate for women buyers in many states.
Why is a GPA sale risky?
A general power of attorney is not a substitute for a registered sale deed and gives weaker ownership. Insist on a proper registry, not a GPA transfer.
What approvals should a project have?
A valid licence, RERA registration, sanctioned building plans and, for ready homes, an occupancy certificate. Match the actual construction to the approved plan.
What is a completion certificate?
It confirms the building was completed as per the approved plan and local rules. Along with the occupancy certificate, it matters for legal, loan and resale purposes.
How do I check land records online?
Most states publish land records online where you can verify ownership and dues. Our land records guide shows how.
What stamp duty and registration charges apply in Gurgaon?
Stamp duty and registration vary by state and are usually a few percent of the property value, with a small rebate for women buyers in many states. Confirm the current Gurgaon rate before you budget.
How much home loan can I get to buy in Gurgaon?
Most buyers get a loan for 75-90% of the value, tied to income and credit score. Our home loan by salary guide shows the ranges.
What documents do I need to buy property in Gurgaon?
Identity and address proof, PAN, income papers for a loan, and the property title chain, approvals and latest tax receipts. Keep both sides KYC ready for registration.
How do I check if a project is RERA-registered?
Search the state RERA portal by project or builder name for the registration number and approved plan. Our RERA check guide explains it.
Can NRIs buy property in Gurgaon?
Yes, NRIs can buy residential and commercial property in India, though not farm land. Payments must come through banking channels, and a trusted power of attorney helps if you are abroad.
What taxes apply when I sell property in Gurgaon?
You pay capital gains tax on the profit, lower if you hold beyond the long-term period, with reliefs if you reinvest in another home. Take advice before you sell.
Is it a good time to buy in Gurgaon?
Timing matters less than buying the right property at a fair price with clean papers. If a home fits your budget and needs, waiting for a perfect market rarely pays.
