Tag: Haryana RERA

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Haryana RERA Fines Shine Buildcon for 4-Year Handover Delay

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRERA) has mandated that a real estate company pay an annual interest of 11.1% to a complainant due to a delay exceeding four years in the delivery of a commercial unit in its Sector 70 venture, ‘70 Grandwalk’. The complaint, lodged under Section 31 of the RERA Act, was resolved on July 24 by HRERA (Gurgaon). The authority specified that the interest must be disbursed within 90 days of the order’s date. Additionally, Shine Buildcon Pvt Ltd has been ordered to transfer possession within 30 days upon the complainant settling dues and to…

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Haryana RERA Orders 11% Refund to Builder in Restaurant Dispute

GURUGRAM: The Haryana Real Estate Regulatory Authority (H-Rera) has directed a developer to refund the amount paid by a buyer for opening a restaurant in Sector 109. However, the cancellation of the booking was upheld as no agreement was signed between the two parties. The complaint was raised by Atombridge Networks, which had reserved a restaurant unit in the Neo Square project in Sector 109 and paid a booking amount of ₹2.5 lakh as an advance on September 2, 2018. The firm made additional payments, totaling ₹42.5 lakh, despite a builder-buyer agreement not being executed. The complainant claimed that the…

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Haryana RERA Orders Assotech to Refund ₹39 Lakh to Buyer

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has ordered Assotech Ltd to refund ₹38.5 lakh to a homebuyer for failing to deliver a flat in its Assotech Blith project located in Sector 99, Gurgaon. The complainant, Vineet Minocha, purchased a 3BHK unit (G-503) in 2012 for ₹1 crore, with possession promised by March 2016. Despite paying ₹38 lakh, the unit remained incomplete. The builder later requested consent to resell the unit, assuring a refund within two months, which was not fulfilled. HRera has now mandated the refund of the paid amount along with 11% interest. Minocha provided a consent…

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RERA Orders Builder of Expressway Towers to Pay 11% Interest

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has instructed the developer of a high-rise condominium—a budget-friendly housing initiative in Sector 109—to compensate the buyer for delays in possession and to deliver the apartment as stipulated in the purchase agreement. The unit, number 908 in Tower 3 at Expressway Towers 109, was bought for ₹26.26 lakh nine years ago. The builder had promised timely delivery of the 644-square-foot flat, along with a 100-square-foot balcony, but failed to meet the four-year deadline from the allotment date of May 19, 2017. HRera (Gurgaon) ordered the builder to pay interest at an annual…