Haryana RERA asks promoter of ILD Grand project to refund Rs 72 lakh to homebuyer

GURUGRAM: The Gurugram bench of the Haryana Real Estate Regulatory Authority (HRERA)
has asked the promoter of ILD Grand project at Sector 37 C in Gurugram to refund Rs 72 lakh
to one of its buyers.
The applicant had approached the authority in February 2019 after the builder failed to deliver
the housing unit as per the deadline of August 2017.
The promoter of ILD Grand at Sector 37C will have to refund the full amount to its allottee,
the RERA court said while passing an order on January 6 this year.
“Arguments heard, refund is allowed and complaint now stands disposed off,” the court said.
“The authority directs the promoter to return the amount received by him Rs 72,09,911 with
interest at the rate prescribed under the Rule 15 of the Haryana real estate (regulation and
development) Rules 2017 from the date of each payment till the actual date of refund of amount
within the timelines provided in the rule 16 of the Haryana Rules 2017,” said the order.
During the argument, the counsel for the developer confirmed that the occupancy certificate of
the project is not yet applied as the construction work is not yet completed.
The project has been granted financial assistance under the central government-backed
SWAMIH — a fund set up to complete stalled projects in the country. The new deadline to
complete the project is December 2023.
“But the allottee is not interested in continuing with the project and is exercising the statutory
rights under Section 18(1) of the Act for refund of the deposited amount along with interest in
view of failure of the respondent promoter to complete the unit much after the due date of
possession which has elapsed almost five years ago,” the court noted in its order.