RERA asks Dist Collector to recover dues from two firms

Tribune News Service

Mohali, October 20

Failing to comply with the order passed by the Punjab Real Estate Regulatory Authority (RERA) would prove costly for two real estate companies, including Omaxe Private Limited.

RERA has issued a warrant to the Mohali District Collector to recover dues from movable and immovable assets of the builders.

RERA has further asked the District Collector to submit a report on or before October 22.

Narender Yadav, counsel for complainant Abhay Kumar Goyal, a resident of Uttarakhand, said his client had paid Rs35,79,347 for a commercial office space in India Trade Tower at Mullanpur in Mohali district, which was marketed and developed by Omaxe Private Limited and Bhanu Infra Build Private Limited.

He said the builders had agreed to hand over the possession of the office space on January 6, 2013. However, it was offered to him on January 10, 2019, after a delay of six years. On December 26, 2018, his client Goyal filed a complaint with RERA for the refund of the entire amount with interest.

On June 26, 2020, the authority passed an order directing the builders to refund the entire amount, along with the highest MCLR interest rate calculated at 7.55 per cent plus 2 per cent interest totalling 9.55 per cent, within 60 days from the date of passing of the order.

Advocate Yadav said the authority also directed the builders to pay a compensation of Rs1.25 lakh for causing mental agony and litigation charges to the complainant. The builders failed to comply with the order within the stipulated period of two months. Feeling aggrieved, the complainant filed an execution claiming the total compensation, including interest, calculated as per the directions of RERA.

RERA today passed an order directing the District Collector to recover the amount from the movable and immovable assets of the builders.