Non-compliance with RERA Haryana regulations can result in significant penalties for developers and real estate entities. The Act is designed to protect homebuyers and ensure transparency in the real estate sector, with violations carrying serious consequences.

• Monetary Penalties: Developers who fail to register their projects or provide accurate information may face hefty fines. These penalties can be substantial, often calculated as a percentage of the project’s estimated cost.

• Imprisonment: In severe cases of non-compliance, such as fraudulent practices or gross negligence, developers can face imprisonment for up to three years. This serves as a strong deterrent against malpractices within RERA Haryana.

• Compensation to Homebuyers: If a developer delays project completion or fails to deliver on promised specifications, they may be required to compensate affected homebuyers. This includes refunds of invested amounts along with interest.

• Injunction Orders: The RERA Haryana authority can issue injunctions against developers, preventing them from continuing to sell or market their projects until compliance is achieved. This can severely impact their business operations.

• Haryana RERA Disputes Resolution: Disputes arising from non-compliance can be addressed through the RERA Authority, which facilitates resolution between homebuyers and developers. This process ensures that grievances related to Haryana RERA disputes are handled efficiently and fairly.

In summary, adhering to RERA Haryana regulations is crucial for developers to avoid penalties and maintain their reputation. Non-compliance can lead to severe financial and legal repercussions, highlighting the importance of compliance in the real estate sector.