Magic Meters | Buy Commercial Properties | Retail Shops, Food Courts, Multiplex Screen

Can not escape rules with occupation certificate:Haryana RERA

Can not escape rules with occupation certificate:Haryana RERA

Can not escape rules with occupation certificate:Haryana RERA

The Haryana Real Estate Regulatory Authority (HRERA) has held that it has the power to adjudicate on projects that were on before the RERA Act came into force and were, therefore, not registered under the regulator. The verdict will have wide ramifications on the real estate sector in Haryana as it will bring into RERA’s ambit even those projects where the builder had applied for an occupation certificate before HRERA rules were framed.

The Panchkula bench of the authority has ruled that a builder can’t escape its jurisdiction even if the completion certificate was issued before the rules were framed. The Panchkula bench, headed by its chairman Rajan Gupta, passed these orders last week while hearing a bunch of petitions filed by Madhu Sarin and 23 others against the BPTP project in Faridabad. It held that the flat buyers’ agreement was one-sided and unequal and directed the developer to pay compensation along with bank interest from the date of delay till the possession was offered. ‘Allotees won’t be liable to pay GST’