RERA asks realtor to return society's maintenance fund

Asks developer to return Rs 7.99 lakh in deducted maintenance, directs formation of Service Society within 90 days while routing compensation claims of over Rs 47 lakh to Adjudicating Officer

- Nikunj.Soni @ahmedabadmirror.com Posts @NikunjMIRROR

The Gujarat Real Estate Regulatory Authority has partially upheld a complaint filed by the allottees' association of the Samanvay Sequence commercial project in Vadodara, issuing key directions against the developer, Samanvay Realty.

The Authority held the developer liable on two major counts. First, it ordered Samanvay Reality to deposit Rs 7,99,345 into the Service Society's account once it is registered. The amount represents maintenance charges for September 2019 to January 2021 that the developer had wrongly deducted from the society account during the handover process.