Homebuyers have accused Raheja Developers of harassing them, which has resulted in the Haryana Real Estate Regulatory Authority (HRERA) prohibiting the sale and purchase of any unit in Raheja Revanta. The authority has also directed a forensic audit of the project and imposed a freeze on unsold inventory. Even though homebuyers have paid more than 95% of the total amount since 2011, the project remains incomplete. Raheja Developers have responded by blaming the government for not providing the necessary infrastructure to complete and hand over the project.
Following accusations of Raheja Developers harassing homebuyers for seven years, the Haryana Real Estate Regulatory Authority (HRERA) has taken decisive action. Consequently, HRERA has banned the sale and purchase of any unit in the incomplete Raheja Revanta project located in sector 78 and ordered a forensic audit.
The Haryana Real Estate Regulatory Authority (HRERA) has directed the freezing of all unsold inventory and bank accounts associated with the Raheja Revanta project.
Raheja Developers has stated that the completion and handover of their project cannot be achieved without the necessary infrastructure, and they have attributed the delay to the government's failure to provide services such as electricity, water, sewerage lines, and roads. The developer has emphasized the importance of ensuring the safety and well-being of the over 1000 families who will reside in the tallest skyscraper in Haryana. Raheja Developers have stressed that exposing the project to the risk of fire and health hazards would be unacceptable, and the required infrastructure must be in place before the project can be delivered to the residents.
Despite homebuyers paying over 95% of the total amount, the Raheja Revanta project, which was started by the builder in 2011, remains incomplete to this day.
The Revanta Gurgaon Flat Buyers Association contacted the relevant authority in February to raise their concerns about the Raheja Revanta project. They have alleged that despite assurances of possession within four years, they have yet to receive their flats, and the funds they had invested have been redirected to other projects. The original plans for the project included 962 flats, and the complainants have called for a comprehensive audit of the project, covering its structure, architecture, and forensic aspects.
The homebuyers have raised concerns that the license for Raheja Revanta, a project launched by Raheja Developers Limited in 2011, has expired on January 31, 2023, even after the additional six months extension provided due to COVID-19-related delays. However, Raheja Developers Limited has not taken any steps to apply for a renewal of the license from Haryana RERA. The homebuyers have further accused the project of facing financial difficulties and suggested that the promoters of Raheja Developers Limited have misused or redirected funds meant for the completion of the project.
According to Raheja Developers, they have spent the entire amount received on the project, and external services like water supply, sewerage, rainwater, and masterplan road have not been laid due to the government's failure to acquire the sector road. The developer also disclosed that they had paid over 51 crores as EDC and IDC more than a decade ago. Additionally, they mentioned that the 220 KV substation, which was acquired and almost completed by DHVBN, has been dismantled due to the acquisition compensation demanded by the landowners, making it unviable and difficult for DHVBN to pay.
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