Tag: Punjab RERA

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Punjab RERA mandates ₹25 lakh payout for delayed possession

MOHALI: In a landmark decision, the Punjab Real Estate Regulatory Authority (RERA) has mandated a real estate promoter to pay approximately Rs 25 lakh in delay interest to homebuyers. The ruling states that project timelines should commence from the initial booking date, not from the date the sale agreement is executed. The complainants, who are faculty members at Punjab Engineering College, Sector 12, reported delays in receiving possession of their property. The case was represented by advocate M Shahnawaz Khan. In a crucial determination, RERA concluded that, since the initial booking occurred in 2018, the promoter could not sidestep responsibility…

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Punjab RERA: Recover ₹25 lakh from GMADA for plot delay

MOHALI: The Real Estate Regulatory Authority (Rera), Punjab, has instructed the Mohali deputy commissioner to recover ₹25,89,659 from the Greater Mohali Area Development Authority (Gmada), designating it as a judgment debtor for not providing timely possession of a plot auctioned in IT City back in 2016. The directive, issued under Section 40 of the Real Estate (Regulation and Development) Act, 2016, empowers Rera to collect dues as arrears of land revenue. A formal Recovery Certificate has been dispatched to the Deputy Commissioner for enforcement. The complainant, Amandeep, a resident of Chandigarh’s Sector 21-A, stated that he bought a 256-sq-yard plot…

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Punjab RERA Stops Motiaz from Selling Flats

MOHALI: The Real Estate Regulatory Authority (RERA), Punjab, has prohibited the Chandigarh-based builder Motiaz from advertising, marketing, booking, or allotting flats in its project ‘The Royale Sector 39 Extension’ located in Mohali. RERA Punjab chairman Rakesh Kumar Goyal issued an interim order after the developer failed to appear before the Authority despite numerous notices. The project, which has been promoted widely—including as an exclusive society for judges—has not been registered with RERA, violating Section 3 of the RERA Act. According to the complainant’s attorney, Mohit Uppal, the developer had been advertising and selling units without the required registration and had…