In a significant move to enforce transparency and accountability in the real estate sector, the Haryana Real Estate Regulatory Authority (HRERA) has imposed penalties amounting to ₹1.25 crore on two prominent developers—Vatika Ltd and Godrej Developers & Properties LLP—for RERA Act violations of the provisions of the Real Estate (Regulation and Development) Act, 2016.
Penalty on Vatika Ltd for Non-Registration of Project
Vatika Ltd has been fined Rs 1 crore for its failure to register the ongoing project, Vatika India Next Phase – II, with HRERA. This constitutes a direct violation of Section 3(1) of the RERA Act, which mandates that no real estate project can be advertised, marketed, booked, or sold without being registered with the state’s RERA authority.
The regulator found that Vatika Ltd had bypassed this critical compliance requirement, thereby potentially jeopardizing the interests of unsuspecting homebuyers. HRERA emphasized that this breach not only undermines the legal framework but also erodes public confidence in the sector.
Penalty on Godrej Developers for Delay in Project Completion
Meanwhile, Godrej Developers & Properties LLP has been penalized Rs 25 lakh for not completing its Godrej Air Phase-2 project within the timeline submitted during registration. This delays contravened Section 4(2)(l)(C) of the RERA Act, which obligates developers to complete projects as per the declared schedule.
Project delays not only result in financial burdens for homebuyers—such as continued rent and EMIs—but also lead to significant emotional stress. HRERA’s action sends a clear message about the importance of timely delivery and adherence to commitments made to consumers.
HRERA officials stated that these actions were taken after a thorough investigation revealed clear non-compliance with statutory obligations. A senior official remarked, “These decisions reflect our commitment to protect homebuyers and uphold the rule of law. Developers who violate RERA provisions will face serious consequences.”
The authority has also reiterated its resolve to continue strict enforcement against erring developers who fail to follow RERA registration norms or miss project deadlines.
These penalties serve as a stern warning and a wake-up call for all developers operating in Haryana and across India. The implementation of RERA has empowered homebuyers and brought a much-needed regulatory structure to the real estate industry. HRERA’s decisive actions are essential to ensuring that consumer rights are protected, accountability is maintained, and the credibility of the real estate market is strengthened.
