H-RERA Grants 11% Interest Compensation to OSB Buyers
GURUGRAM: Eight years later, many homebuyers of the OSB Expressway Towers project in Sector 109 still haven’t received possession of their flats. The Haryana Real Estate Regulatory Authority (HRera) has taken serious note of the delay, instructing the developer, Ocean Seven Buildtech Pvt Ltd, to compensate the buyers with 11% interest for the period of default. This amount must be settled within 90 days, and any outstanding dues from the buyers must be cleared within 60 days. The directive was issued by HRera member Ashok Sangwan during hearings involving complainants Pinky and Ojaswi Yadav. The complainants allege that the builder…