US EditionGoa RERA Orders Builder to refund Rs 16.95 Lakh Corpus Fund with Interest to Housing Society - Goemkarponn
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Goa RERA Orders Builder to refund Rs 16.95 Lakh Corpus Fund with Interest to Housing Society - Goemkarponn
Team Goemkarponn PANAJI: The Goa Real Estate Regulatory Authority (RERA) has directed a builder to refund Rs 16,95,750 to a housing society, along with interest at the rate of 11.10% per annum, within 60 days from the date of the order. In a recent ruling, RERA Member Vincent D’Silva held that the builder had wrongfully collected the corpus fund from members of the complainant society and failed to return the amount. The Authority observed that …
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