11% Interest from March 2021 Until Handover: Haryana RERA to Burman Estate
GURUGRAM: Five years later, the Haryana Real Estate Regulatory Authority (HRera) has ordered a developer to compensate two allottees for delays in possession, citing the promoter’s failure to deliver within the agreed timeline. Rera member Phool Singh Saini issued the directive against Burman Estate Pvt Ltd, responding to a complaint from South Extension residents Nidhi Aggarwal and Deepak Aggarwal regarding the delayed handover of a serviced apartment in the Gurgaon Spectrum Centre project, which was due for possession by March 15, 2021. Rera has mandated the developer to pay interest for the delayed possession at a rate of 10.80% per…