The order of penalty states that the respondent (developer) was directed to refund the entire amount paid by the complainant (buyer) towards the consideration of the said flat, along with interest, as prescribed under RERA and the relevant Rules made thereunder within a period of 2 months
The Maharashtra Real Estate Regulatory Authority (MahaRERA) member Vijay Satbir Singh, in its order passed in June this year, has slapped a penalty of Rs 5,000 per day over non-compliance with a direction passed in 2020.
Source – Free Press Journal
