Tag: Neo Developers

Latest StoriesRera

Haryana RERA Rejects Neo Developers’ Unit Cancellation Notice

NEW DELHI: The Gurugram bench of the Haryana Real Estate Regulatory Authority (RERA) has annulled the cancellation notice issued by Neo Developers, deeming it invalid. This ruling pertains to the case of Suman Lata against Neo Developers, concerning a commercial unit in Neo Square, Sector 109, Gurugram. The complainant approached the authority to challenge the cancellation and requested that the developer honor the commitments specified in the builder-buyer agreement and memorandum of understanding. The authority highlighted that the allottee had made significant payments amounting to ₹84 lakh, despite the total basic sale price being ₹75 lakh. It ruled that the…

Latest StoriesRera

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…