Uttarakhand HC Supports RERA Order on Paratus Real Estates
DEHRADUN: The Uttarakhand High Court has affirmed a RERA order mandating Paratus Real Estates Pvt Ltd to pay 50% of the penalty amount prior to its appeal, dismissing the developer’s argument that only 30% was required under the Real Estate (Regulation and Development) Act, 2016. Justice Pankaj Purohit of a single bench rejected two similar petitions from the company and chose not to interfere with the RERA directive, emphasizing that the “Act is designed to protect consumers’ interests in the real estate sector and should be interpreted rigorously.” On March 28, RERA Dehradun instructed the promoter to refund Rs 22,69,159…