Expert articles on DPDP compliance, IP law, cyber law, and legal advisory for Indian businesses
If your Gurugram builder has missed the possession date, RERA gives you a clear choice — a full refund with interest, or interest for every month of delay. And yes, projects launched before RERA are covered too, if they were still ongoing.
Section 18 of RERA puts you in the driver's seat on a delayed project — exit with a full refund plus interest, or keep the flat and be paid interest for the delay. The builder cannot make you wait endlessly for nothing.
The interest for delayed possession in Haryana isn't arbitrary — it's the State Bank of India's highest MCLR plus 2%. Recent HRERA orders work out to roughly 10-11%, and the same rate applies both ways.
A builder cannot swallow your entire booking amount if you cancel, or if it defaults. One-sided forfeiture clauses don't hold up — HRERA generally allows only a reasonable forfeiture and orders the rest refunded with interest.
RERA made it the law to sell flats on carpet area — the actual usable space inside your walls — not inflated 'super area'. If you were sold on super area or delivered less than promised, you have a remedy.
In Haryana, a builder cannot advertise, market, book or sell a project unless it is registered with HRERA. Buying into an unregistered project is a red flag — and a RERA violation by the builder.
A builder cannot quietly change the sanctioned layout, shrink the common areas, or drop the amenities it advertised. Under RERA, major changes need two-thirds of allottees' consent, and false promises are actionable.
A builder cannot give you valid possession without an Occupation Certificate. Being pressured to 'take the keys' and start paying maintenance before the OC is a trap — the building isn't legally fit for occupation.
RERA requires a builder to keep 70% of buyers' money in a separate account, used only for that project. When a builder diverts your money to buy land or fund other projects, that's usually why your project stalls — and it's a RERA violation.