Outcome of RERA Act in real estate starts coming in State

| | Bhopal
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Outcome of RERA Act in real estate starts coming in State

Tuesday, 03 December 2019 | Staff Reporter | Bhopal

The outcome of RERA Act in real estate has also started coming in the State. Recently, the entire amount of sale and compensation including interest of Rs 7 lakh 63 thousand 722 has been paid by the builders to the applicants under this Act, Lal Kumar Longwani and Kailash Tilwani as per the contract on not acquiring the possession of the plot of land.

The applicant, Lal Kumar Longwani had booked a shop in the business project ‘Amulyam Arcade’ situated in Gadhmurra, Bhopal district of Messrs SAR Group. Kailash Tilwani had also booked a cell in a project ‘Sheetal Mega Heights’ of Prabhakar Construction Company, Bhopal in Mandideep, Raisen district.

As per RERA order, in the absence of possession as per the contract, the entire amount of sale and compensation along with interest has been paid by cheque by these builders.

Subsequent to the issuance of revenue recovery certificate from RERA, the Sub-divisional Officer and Naib Tehsildar Najul, MP Nagar Circle took necessary action for recovery in a short period in the case under the guidance of Collector Tarun Pithode. SAR Group Bhopal made a payment of Rs 4 lakh 62 thousand 222 to applicant Lal Kumar Longwani at Tehsil court.

Prabhakar Construction Company paid Rs 3 lakh 1 thousand 500 to applicant Kailash Tilwani through

HDFC Bank.

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