TG-RERA awards ₹1.2 lakh over flat delay
TG-RERA has directed the developer of Aditya Capital Heights, Hafeezpet, to pay a homebuyer ₹1.20 lakh for delayed possession—₹1 lakh for mental agony and ₹20,000 towards legal expenses.
Aditya Capital Heights buyer gets compensation after prolonged possession wait
Property Pulse
The Telangana Real Estate Regulatory Authority (TG-RERA) has directed the developer of Aditya Capital Heights in Hafeezpet to pay ₹1.20 lakh to a homebuyer over delayed possession. The amount comprises ₹1 lakh towards mental agony and ₹20,000 towards legal expenses.
Vamsidhar Mothipalli, who resides in the US, entered into an agreement on March 23, 2018, to purchase a 2,125-sq-ft flat on the 11th floor of Block-B in the project. The agreed value was ₹1,02,62,500, including two car parking spaces. According to the buyer, ₹85,55,367 had been paid.
Dispute over pre-EMI arrangement
The buyer said he had opted for a pre-EMI scheme under which the developer was required to service the loan EMIs until completion of the flat. He alleged that the developer failed to make the payments, leaving him to meet the EMIs himself.
It also cited disruptions during the COVID-19 period as one of the reasons for the delay.
Larger claims not accepted
The buyer sought ₹10 lakh for mental agony, ₹18 lakh towards estimated rental-income loss, ₹10 lakh alleging fraud and ₹2 lakh towards legal expenses.
The developer has been directed to pay the ₹1.20 lakh within 60 days from the date of the order. Any outstanding amount after the stipulated period will attract interest at 10 per cent per annum until payment.
RERA RELIEF.
- Flat measured 2,125 square feet.
- Agreement value crossed ₹1.02 crore.
- Buyer had paid ₹85.55 lakh.
- Buyer sought ₹40 lakh initially.
- Rental-loss claim lacked supporting evidence.
- Payment deadline set at 60 days.
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