Haryana RERA imposes penalty of ₹6 lakh on Vatika Ltd; Directs builder to execute BBA within a month - Hindustan Times
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Haryana RERA imposes penalty of 6 lakh on Vatika Ltd; Directs builder to execute BBA within a month

Apr 16, 2024 08:42 PM IST

Vatika Ltd said it will appeal the order "because all the facts of the case and the company’s representations have not been considered”

The Haryana Real Estate Regulatory Authority (RERA) has penalized the real estate firm, Vatika Limited, with more than 6 lakh for violating the builder-buyer agreement provisions and directed the promoter to execute the BBA within a month.

The Haryana Real Estate Regulatory Authority (RERA) has penalized the real estate company Vatika Limited with more than <span class='webrupee'>₹</span>6 lakh for violating the builder-buyer agreement provisions . (Picture for representational purposes only) (Getty Images)
The Haryana Real Estate Regulatory Authority (RERA) has penalized the real estate company Vatika Limited with more than 6 lakh for violating the builder-buyer agreement provisions . (Picture for representational purposes only) (Getty Images)

“The Authority establishes the violation of Section 13 of the Act 2016 on part of Vatika Limited and hereby imposes a penalty under Section 61 of 1,00,000 in each complaint and further directs the promoter to execute the registered buyer’s agreement as per the model agreement provided in the Real Estate Regulation and Development Rules 2017 within 30 days from the order failing which the Authority shall be bound to invoke penal action under Section 63,” the order passed by judge S K Arora said.

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Also Read: Haryana RERA revokes registrations of five real estate projects in Gurugram

Section 13 states that a promoter shall not accept more than 10% of the total cost of an apartment, plot, or building as the case may be as advance payment or an application fee from a person without first entering into a written agreement for sale with such person and register the said agreement for sale.

“Whereas, in the instant matter the respondent (Vatika Limited) has taken 100 per cent of the consideration without executing the BBA,” order said.

Also Read: Pay deficit amounts or will revoke registration: HRERA to Mahira Developers

The court also has imposed a penalty of 25,000 in each complainant to be paid within 30 days from the date of this order under Section 63 of the Act 2016 for non-complying the directions of the Authority vide its order dated February 23, 2024, the order said.

The five complainants cum allottees had approached Gurugram RERA in October 2022 seeking justice after they failed to get relief from Vatika Limited. The complainants had booked commercial units in Vatika India Next project in 2018 and paid full consideration to the promoter without executing the builder-buyer agreement (BBA).

Also Read: Haryana RERA denies Godrej Developers & Properties' application for Gurugram project's extension; freezes account

A year later, Vatika transferred their units without their consent to a different project Vatika One on one at Sector 16, Gurugram and also reduced the unit sizes to 500 sq ft from original size of 1000 sq ft, the order said.

In a relief to complainants, the RERA court has also directed Vatika Limited to pay interest for every month of delay from the due date of possession till valid offer of possession at the prescribed rate.

Responding to the order, a spokesperson of Vatika Ltd said that, "The company will appeal this order because all the facts of the case and the company’s representations have not been considered."

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