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The Haryana Real Estate Regulatory Authority (HRERA) has instructed Vatika Ltd to pay around ₹62 lakh compensation to homebuyers for a significant delay in delivering a residential plot. The buyers faced a delay of nearly a decade beyond the promised possession date, leading to financial losses and stress. The authority held the developer responsible for failing to meet agreed timelines and violating commitments. This ruling highlights HRERA’s strict approach toward protecting buyers’ interests and reinforces accountability among developers in delayed real estate projects.
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