Possession of plot not given, booking cancelled; Vatsalya Developers ordered to refund Rs 33 lakh
Raipur. The Chhattisgarh Real Estate Regulatory Authority (CGRERA) has issued an order in favor of the allottee in a plot booking case involving Vatsalya Developers in Sejbahar, Raipur. The authority has directed the developer to return the principal amount of Rs. 15,09,300 received from the allottee, along with Rs. 18,60,956 as interest. This totals Rs. 33,70,256. According to the case, the allottee had
booked
a residential plot in 2012 by entering into a contract with Vatsalya Developers. Subsequently, between 2012 and 2015, the allottee paid a total of Rs. 15,09,300 in installments to the developer, as per the stipulated conditions.
Despite the allottee paying the stipulated amount, a dispute arose over not receiving possession of the plot.
Disputes also arose regarding the cancellation of the booking.
The allottee complained that after not receiving possession of the plot for a long time, the developer cancelled his booking without prior notice. Following this, the allottee approached CGRERA to seek a refund of his deposit and protect his interests. During the hearing, the authority examined the documents
and
available records. CGRERA subsequently directed the developer to pay the allottee's original deposit along with the prescribed interest.
According to the order, ₹15,09,300 is to be paid as principal and ₹18,60,956 as interest. Together, a total of ₹33,70,256 must be returned to the allottee. This order is
significant for allottees
' rights in real estate projects. The case also highlights that allottees who make payments after booking a plot or property can approach the regulatory authority for relief under their contract and applicable legal rights.
