Haryana RERA bars defaulter homebuyer from claiming compensation
In short
Haryana RERA ruled that a homebuyer from Greater Kailash-I was a defaulter and could not get compensation from Ireo Grace Realtech. The buyer had stopped paying because the apartment project was delayed, and the flat was cancelled.
The authority also said the builder was partly responsible for delays in getting the occupation certificate. That keeps some liability on the developer.
What the reporting says
The Haryana Real Estate Regulatory Authority ruled that a Greater Kailash-I homebuyer tied to Ireo Grace Realtech was a defaulter and could not claim compensation over a delayed apartment project. The buyer had stopped payments because of construction delays, which led to cancellation of the flat. The authority also held the builder partly liable for delays in getting the occupation certificate.
Why it matters
Haryana RERA ruled in a dispute involving a Greater Kailash-I homebuyer and Ireo Grace Realtech over a delayed apartment project. The authority treated the buyer as a defaulter for stopping payments and denied compensation, while also holding the builder partly liable for delay in obtaining the occupation certificate. The outcome matters for the buyer, the developer and the project’s contractual obligations.