In its first order, the Real Estate Regulatory Authority (RERA) of Panchkula Bench, Haryana, raised funds for a group of residents to complete the project and complete the remaining construction work and relocate to their dream home. Have said.
This is a major relief for home buyers, who were expecting the
completion of their flat by 2011, but could not get it because the builder failed to meet the deadline
specified to Project Within. According to them, they are ready to pay
15-20% extra, but at least they will get their flats.
The Panchkula Bench of Haryana RERA has suggested them to form an association and be ready to pay extra money if needed. More than 100 residents of Piyush Heights Society of Faridabad have agreed to pool Rs 8 crore to complete the project.
The Society has 16 residential towers and the builder gave
possession for only 14 towers. The remaining 2-towers were left unfinished and
the buyer had to relocate to RERA as the builder could not give possession on
time.
By order of RERA, the builder of Piyush Heights failed to appear in the court hearing despite public
notice and in the 6th hearing, a builder spokesperson asked for he
postponement. RERA adjourned the respondents. Some of the unsold flats will be
sold by the district authority to recover costs.
