For aggrieved homebuyers, why enforcing a RERA order is more difficult than obtaining one
The Supreme Court warned Parsvnath Developers of jail time if they fail to comply with a Haryana Real Estate Regulatory Authority (HRERA) order to pay homebuyers, giving them one week to deposit the amount with 12% annual interest. The court also froze the company's bank accounts and issued arrest warrants against its senior officials, highlighting systemic issues in enforcing RERA orders. This case illustrates the prolonged struggle homebuyers face even after obtaining favorable rulings from the regulator.