HomeNewsBusinessReal EstateGurugram: RERA court asks Vatika Ltd to refund homebuyer's money with interest

Gurugram: RERA court asks Vatika Ltd to refund homebuyer's money with interest

In another case, the RERA court ordered Emaar MGF Land Limited to refund the amount it took from a homebuyer over delay in delivery of the unit.

November 12, 2022 / 15:23 IST
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Real Estate Regulatory Authority (RERA) Gurugram has directed developer Vatika Limited to refund a homebuyer's money along with interest after it failed to deliver the property on time.

In his complaint, the allottee said he was promised possession of the unit on March 19, 2017.

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However, after waiting for more than five years, he moved a petition in the RERA court on May 13 seeking refund along with compensation and legal expenses.

The total sale consideration of the unit was more than Rs 1.6 crore and the allottee had paid more than Rs 33.5 lakh, which the RERA court has ordered the promoter to refund with interest.