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Gurgaon couple wins refund after nine-year wait for stalled shop
Rohit Singh and Garima Sachan paid most of the money for a shop in Gurgaon.
They bought the shop in a project called Raheja Trinity.
The builder promised to finish it by January 2024.
When the couple visited later, the site was still largely unfinished.
They complained to the real estate regulator.
The regulator said buyers could leave a stalled project and get their money back.
It ordered the builder to return about Rs 50.5 lakh with interest.
The couple said they will feel relieved only after receiving the money.
Rohit Singh and Garima Sachan booked a shop in Raheja Trinity in September 2017.
They paid Rs 50,49,890 toward a 578.99-square-foot commercial unit.
The builder promised possession by January 15, 2024, but construction remained incomplete.
The Gurgaon bench of the Haryana Real Estate Regulatory Authority ordered a full refund with 10.80% annual interest.
The authority struck off Raheja Developers’ defence after it failed to file written replies across six hearings.
- Who
- Gurgaon residents Rohit Singh and Garima Sachan, Raheja Developers, and the Gurgaon bench of the Haryana Real Estate Regulatory Authority.
- What
- The regulator ordered Raheja Developers to refund Rs 50,49,890 with 10.80% annual interest to the couple.
- Where
- Raheja Trinity in Sector 84, Gurgaon, near the Dwarka Expressway.
- When
- The shop was booked in September 2017; the possession deadline was January 15, 2024; the order was dated August 14 and uploaded recently.
- Why
- The project remained incomplete after the promised possession date, and the occupation certificate had not been obtained.
Key facts
- Project
- Raheja Trinity, Sector 84, Gurgaon
- Unit
- First-floor commercial shop measuring 578.99 square feet
- Booking date
- September 2017
- Total sale consideration
- Rs 52.98 lakh
- Amount paid
- Rs 50,49,890
- Refund interest
- 10.80% annually, based on State Bank of India’s 8.80% MCLR plus 2%
- Repayment deadline
- Within 90 days of the order
Quotes
Haryana Real Estate Regulatory Authority
The Gurgaon bench of Haryana’s real estate regulator that issued the refund order.
“Respite will only come when we get the compensation now. We are not aware of any appeals being filed or planned. The law has considered our rights; we have to see how serious Raheja is now.”
indianexpress.com
“The unqualified right of the allottee to seek refund… is not dependent on any contingencies or stipulations thereof.”
indianexpress.com
Sources
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