Haryana RERA Requires Ireo to Pay 11% Interest to NRI Buyer
GURUGRAM: The Haryana Real Estate Regulatory Authority (HRERA) has instructed Ireo Private Ltd to pay an annual delay interest of 10.8% to UK-based allottee Balraj Singh for failing to deliver possession of a plot in its Ireo City project in Sector 60 on schedule. Singh acquired a 314 sq-yard plot back in 2011 but was only offered possession in December 2021, with the actual handover occurring a year later, following multiple delays and a reduction in plot size. Since the project was approved in 2014 and the original delivery date was set for 2017, the Authority concluded that Singh experienced…