REAT asks builder to deposit Rs 64 lakh before entertaining plea against Assam RERA

The appeal was filed by M/s Gargi & Associates Pvt. Ltd. against an order dated 02.06.2022 passed by the RERA, Assam wherein the RERA, Assam had directed the builder to return the consideration amount of Rs.34,00,000 along with interest to the buyers of a flat for failure to timely deliver the flat to them. As per the order of the RERA, Assam, the rate of interest is to be calculated fromthe date of receipt of the consideration amount by the builder.

via Economictimes