Gurugram, April 17 -- The Real Estate Regulatory Authority (RERA) court of Gurugram penalised a real estate promoter Vatika Limited for violating the builder buyer agreement provisions laid under Section 13 of the Real Estate (Regulation and Development) Act of 2016. The landmark order of the RERA court passed by SK Arora has come as a big relief for the five complainants.
"The Authority establishes the violation of Section 13 of the Act 2016 on the part of Vatika Limited and hereby imposes a penalty under Section 61 of Rs 1,00,000/- in each complaint and further directs the promoter to execute the registered buyer's agreement as per the model agreement provided in the Real Estate Regulation and Development Rules 2017 within 30 days from t...