Haryana RERA sets aside cancellation of flat, orders MRG Infrabuild to pay 10.9% interest for delay
GURUGRAM: Haryana Real Estate Regulatory Authority (HRera) has set aside cancellation of a flat in an affordable housing project in Sector 89 and directed
developer MRG Infrabuild to reinstate the unit and pay delay compensation at 10.9% per annum.
The authority found that the builder failed to meet statutory timelines and had wrongly cancelled the unit even though the buyer had paid more than the total sale price.
The case concerns
a flat in project The Meridian, allotted to Amit Kumar Pandey of South Delhi. Pandey had already paid over 100% of the flat's cost (Rs 25.8 lakh against Rs Rs 25.5 lakh) before the builder cancelled the allotment on July 14, 2023, citing payment defaults.
Pandey told the authority that the builder had repeatedly raised demands of payment, with interest, during the Covid period. According to him, the builder's officials later admitted that these were system-generated and not payable. He said he continued paying instalments in good faith and eventually paid the full sale amount, but the developer cancelled the unit and later claimed further interest.
Read more at:
https://realty.economictimes.indiatimes.com/news/rera/haryana-rera-orders-reinstatement-of-flat-and-compensation-for-delay-by-mrg-infrabuild/125628766?utm_source=Mailer&utm_medium=newsletter&utm_campaign=etrealty_news_2025-11-28&dt=2025-11-28&em=aW5kaXZhbHVldGVjaG5pY2FsQGdtYWlsLmNvbQ==
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