Haryana RERA asks Pareena Laxmi Infra to pay delayed possession charges to 51 allottees

GURUGRAM: The Gurugram bench of the Haryana real estate regulatory authority (RERA) has
asked Pareena Laxmi Infrastructure Private Limited to pay delayed possession charges to 51
allottees of its project after the builder failed to deliver the housing units on time.
The developer has been asked to pay the interest rate well within the time specified in the order
issued on December 9.
As per an official statement, the RERA court’s order will bring relief to 51 allottees of Pareena
Laxmi affordable group housing society located at Sector 99, Gurugram.
A group of 51 allottees of Pareena Laxmi had approached RERA demanding delayed
possession charges since the builder failed to deliver the units in specified period of four years
from execution of the builder-buyer agreement in 2016.
“The respondent promoter is directed to pay interest at the prescribed rate for every month of
delay from the due date of possession till the date of offer of possession to the complainant as
per section 19(10) of the Act,” the order said.
“The arrears of such interest accrued during the delayed period shall be paid by the promoter to
the allottees within a period of 90 days from date of this order as per rule 16(2) of the rules,” the
regulator said in its order.
The court also has directed the complainants to pay outstanding dues, if any, after adjustment of
interest for the delayed period.