INCOME TAX8 Sept 2026
Buyer pays ₹14.5 lakh for a Gurugram flat, left in limbo after builder loses registration; RERA gives relief | Mint
A homebuyer who paid ₹14.5 lakh for a Gurugram flat was stuck after the builder lost its registration and stopped work. He filed a complaint with Haryana RERA. The authority ordered the builder to refund the full amount plus 10.80% interest per year, within 90 days. This shows homebuyers can seek refunds through RERA when builders fail to complete a project.
Key Statutory Highlights
- A homebuyer paid ₹14.5 lakh towards a Gurugram flat, but the builder lost its registration and construction stalled.
- Haryana RERA ordered the builder to refund the full ₹14.5 lakh with 10.80% annual interest within 90 days.
- Under Section 18 of the RERA Act, homebuyers can seek refunds when developers fail to complete construction.
Actionable Advice for Taxpayers / Founders:If your builder stalls a project or delays possession, keep payment receipts and the allotment letter, and consider filing a complaint with your state's RERA for a possible refund with interest.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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