Lawstreet Journal

Compensation for Unfinished Flat and Refund of Rs. 52 Lakhs with Interest tobe Given to the Homebuyers: Tamil Nadu Real Estate Regulatory Authority

Lawstreet Journal 2 Sep 2020 9:29pm

Image courtesy: Lawstreet Journal Judiciary Compensation for Unfinished Flat and Refund of Rs. 52 Lakhs with Interest tobe Given to the Homebuyers: Tamil Nadu Real Estate Regulatory Authority

A case was filed against a project titled “Aurum Pride Tower” at Padur, on the outskirts of Chennai, by 2 homebuyers for a refund of the payment they made for a flat in this housing project. 

The case was that the complainants booked an apartment in the housing project worth Rs. 53.9 lakhs out which they paid Rs. 52.2 lakhs in 2013 with a sale agreement between the homebuyers and the builder. 

The builder executed a sale deed assuring the homebuyers that the flat will be given to them in 2015. The construction for the said project was not able to get completed and therefore the homebuyers were not handed over the apartment by 2015. 

In 2019 the builder of the project informed the homebuyers that the construction of the block in which the apartment was booked can’t be completed. The builder requested them to move to another block. 

The complainants then asked to cancel his booking and refund the payment. They filed the case in The Tamil Nadu Real Estate Authority (TNRERA). The authority firstly clarified that the project was not registered, and it was developed by Pacifica (Chennai) Infrastructure Co. Pvt. Ltd. 

The Adjudicating authority of TNRERA G. Saravanan after seeing the documents presented by the complainants before them said that the documents proved that the developer failed to complete the construction of the booked flat and handover its possession as promised. Therefore, the complainants (homebuyers) are entitled to get back the payment made with interest and compensation. 

TNRERA directed the developer to refund… Continue Reading...


Tagged: Tamil Nadu Real Estate Regulatory Authority   TNRERA  
Disclaimer: SoOLEGAL in Media collaboration with Lawstreet Journal. SoOLEGAL take no responsbility for the content provided by Lawstreet Journal. For any discrepancies Contact Lawstreet Journal.
Did you find this write up useful? YES 0 NO 0
×

C2RMTo Know More

Something Awesome Is In The Work

0

DAYS

0

HOURS

0

MINUTES

0

SECONDS

Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.
×

SAARTHTo Know More

Launching Soon : SAARTH, your complete client, case, practise & document management SAAS application with direct client chat feature.

If you want to know more give us a Call at :+91 98109 29455 or Mail info@soolegal.com