HRERA  Gurugram orders Rs 50 crore refund to home buyers

Torbit - August 07, 2022 - - 0 |

Invoking arbitration proceedings, HRERA, Gurugram , has directed 23 builders to collectively refund around Rs 50 crore to aggrieved home buyers. The directions came in the wake of multiple complaints from disgruntled home buyers against builders for non-delivery of projects.  

According to K K Khandelwal, Chairman, HRERA, Gurugram, the directions for refund to home buyers were issued as builders were found guilty  for non-delivery of units within stipulated time  as per the builder-buyer agreement.’ 

The guilty builders have been asked to refund home buyers’ money within 90 days without fail at an interest rate of 9.7 percent. In case of non-compliance of HRERA Gurugram orders, by the builders, aggrieved home buyers can approach the adjudicating authority for execution of orders. 

Leave a Reply



Tech Intervention Transforming Real Estate

Dileep PG - February 23, 2024


Realty Foreseen 2024

Sanjeev Kathuria - February 11, 2024


Why Organizations Select Hybrid Data Centres

Jaganathan Chelliah - January 27, 2024




    Join our mailing list to keep up to date with breaking news