HRera Slaps Vatika Ltd with Rs 62.4 Lakh Compensation Order for Delayed Plot
In a significant ruling, the Haryana Real Estate Regulatory Authority (HRera) has mandated real estate developer Vatika Ltd to pay a compensation of Rs 62.4 lakh to a homebuyer couple for failing to deliver a residential plot within the agreed timeline. The order, issued on April 7, 2026, highlights regulatory enforcement in the real estate sector.
Details of the Homebuyer Case
The complainants, Vinay Kumar and Shalini Kumari, booked a 240-square-yard residential plot in Vatika Ltd's project 'Vatika India Next' located in Sector 85, Gurgaon, back in 2010. The total consideration for the unit was Rs 62.7 lakh, with possession contractually promised by July 27, 2013. However, the authority found that the allotted unit was not part of the approved layout, and no development had occurred at the site even after a decade.
An adjudicating officer relied on documented findings, including a site assessment, which confirmed that the specific plot was unavailable in the approved layout plan. Based on this, HRera held that Vatika Ltd failed to fulfil its obligations under the sale agreement.
Compensation and Legal Implications
HRera allowed the buyers to withdraw from the project and granted compensation comprising the amount paid, along with Rs 2 lakh for mental agony and litigation costs. The order also mandates an interest rate of 10.8% until the payment is realised. The authority clarified that this relief is strictly in accordance with statutory frameworks governing delayed possession and promoter non-compliance under Rera.
This order underscores HRera's regulatory mandate in adjudicating disputes between homebuyers and developers, particularly in cases involving possession delays and deviations from approved project plans. Despite repeated attempts, Vatika Ltd's spokesperson did not respond to requests for comment on the order.
The case serves as a reminder of the protections available to homebuyers under real estate regulations, emphasizing the importance of compliance by developers to avoid such penalties.
