Haryana RERA Directs Pareena Infrastructures To Pay Interest, Execute Conveyance Deed In Favour Of Homebuyer

The Haryana Real Estate Regulatory Authority (RERA) directed Pareena Infrastructures Pvt. Ltd. to pay interest and execute a conveyance deed in favor of a homebuyer. The homebuyer had paid over 85% of the total consideration for a flat but did not receive possession by the promised date. The RERA found that the builder failed to meet the agreed timelines and ordered the payment of interest for the delay. Additionally, the builder was directed to execute the conveyance deed within 90 days after settling any dues. This ruling emphasizes the importance of timely possession and adherence to contractual obligations in real estate transactions.