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Man paid Rs 39.15L but got no flat; RERA rejects builder's excuse, orders interest
Source: Times of India — Top Stories · 1 day ago
Summary
A homebuyer who paid Rs 39.15 lakh for a flat worth Rs 41.85 lakh has not received the unit, and the builder’s claim that a jurisdiction dispute caused the delay was rejected by RERA. The regulator ordered the developer to pay interest on the unpaid amount, which can be offset against the remaining balance.
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From the original report
The homebuyer alleged that the builder had invoked the PMRDA-PMC jurisdiction dispute only after the delay happened, using it as an excuse to explain why the flat had not been handed over to the buyer on time. The flat was priced at Rs 41.85 lakh, and the buyer had paid Rs 39.15 lakh.
Excerpt from Times of India — Top Stories.
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