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…