Team Herald
PANJIM: The Goa Real Estate Regulatory Authority (RERA) has penalised the builder, who took more than 10 per cent of the consideration amount from the home buyers before registering the agreement for sale before Sub Registrar.
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RERA Member Vincent D’Silva on Wednesday imposed a penalty of Rs 5 lakh on the Prescon Homes Private Limited for violation of section 13 of RERA Act. The section 13 states that no deposit or advance be taken by the promoter without first entering onto agreement for sale.
D’Silva in his order has directed the builder to pay interest at the rate of 11.10 per cent per annum, to the complainants on the sum of Rs 42,52,500 for the period from 30-09-2022 till 22-03-2023 within 30 days from the date of the order.
The RERA Member also directed the respondent to pay further interest at 11.10 per cent per annum from March 23, 2023 till effective payment in the event of failure to pay the interest amount to the complainants. It also asked the builder to pay Rs 2 lakh to both the senior citizens within 30 days failing which it will carry interest at 11.10 per cent per annum till effective payment.
The respondent is also asked to file a compliance report of the order in the form of an affidavit within next 60 days of the order, failing which further legal action will be initiated by the Authority under the RERA Act, for execution of the order.
Joseph Bonaventure Rodrigues and his wife Brenda Barbara Rodrigues of Mumbai, both senior citizens had booked an apartment in the senior centric residential complex at Azossim.
