2 weeks ago

TG REAT Upholds Refund Order Against Amacon Developers

TG REAT Upholds Refund Order Against Amacon Developers
TG REAT Upholds Refund Order Against Amacon Developers · deccanchronicle.com

A couple named Sandeep Kumar and Shipali wanted to buy a piece of land in a place called DLF Garden City.

They paid almost all the money for it, but the company they paid, Amacon Developers, did not give them the official paper that proves they own the land.

The company kept delaying and later sold the same land to someone else.

The couple got upset and asked a special housing court called RERA to help them.

RERA told the company to give all the money back, plus extra money called interest.

The company did not want to do that, so it appealed to a higher court called the Real Estate Appellate Tribunal.

The higher court agreed with RERA and said the company must pay back the money.

The court also said the company was acting like the main seller, not just a helper.

The person who bought the land later did not have to pay anything because he did not know about the first deal.

So the couple will get their money back with interest from the day they first paid.

Key facts

Refund amount
Rs 36.58 lakh
Total sale price
Rs 37.38 lakh
Interest rate
10.75% per annum from April 9, 2021
Plot details
Plot No. 895, 355.56 square yards, DLF Garden City
Agreement date
April 9, 2021
TG RERA order date
October 2025
Amount left at registration
Rs 80,000
Appellate body
Telangana Real Estate Appellate Tribunal (TG REAT)

Sources

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