MARGAO
The Goa Real Estate Regulatory Authority has directed a real estate firm to refund the booking amount of Rs 5 lakh to the complainants, within a period of 30 days, from the date of the order after the firm had delayed in refunding the amount after the party had opted out of the project.
GRERA Member Vincent D’Silva has further directed the firm to pay complainants interest @ 10.85% p.a. on the sum of Rs 5 lakh from 04.05.2024, till effective payment. Besides, the firm has been directed to pay costs of Rs 2 lakh to the complainants, within a period of 30 days of the order, failing which it will carry interest in terms of law, till payment.
Vincent D’Silva has further directed the firm to file compliance report of this order in the form of an affidavit, within 60 days of the order, failing which further legal action will be initiated by the Authority under the RERA Act for execution of the order.
“Needless to mention, the firm have defaulted in refunding the amount, inspite of due compliance by the complainants, as sought by the firm, in terms of the documents produced on record. The firm has thus committed defaults in refunding the booking amount of Rs 5 lakh without any deduction to the complainants and have been trying to twist the facts by relying upon some ‘clauses’ of the allotment letter, in order to avoid payment of the booking amount and other related charges. The complainants are therefore entitled for the reliefs prayed,” D’Silva said.
“The complainants are from Gwalior, Madhya Pradesh and are also entitled for the costs of Rs 2 lakh from the firm for investing in the proposed project of the respondents, who claim to be an organisation committed to demonstrate a high level of commitment, dedication and motivation, in order to provide genuinely exception results for all the customers. The complainants have invested in the said project on 04.05.2024 and have been promised refund without any deductions, in case of cancellation of the agreement, yet, are refusing to honour its own promise, inspite of above correspondence entered into between them. Hence, the above points are answered accordingly,” D’Silva added.
