RERA issue arrest warrants against Ansal Housing directors?

 RERA issue arrest warrants against Ansal Housing directors

GURUGRAM: The Haryana Real Estate Regulatory Authority has issued arrest warrants against the directors of Ansal Housing Corporation on charges of failing to deliver the homes on time and repay the allotted amount. “In order to ensure the integrity and accountability of the rules established for the better and smooth functioning of the real estate sector, strict measures will be taken against the culprits,” said KK Khandelwal, chairman of Haryana Real Estate Regulation. Authority. In this regard, five complaints were filed against the real estate company after which they were ordered to pay about Rs 5 crore that they had received from the plaintiffs along with an interest rate of 9.3 percent per annum from the date all payments were received. up to the total amount paid.

The authority issued arrest warrants for the organizers' failure to refund the amount plus interest to those who filed a claim, even after repeated reminders. The drivers for whom arrest warrants have been issued are Kushagar Ansal, Karun Ansal, SL Kapur and Ashok Khanna. “Intentional disregard is essential to upholding the grandeur of the law. We have a duty to do justice to those who have been damaged and to strike a balance between all those involved in the real estate industry. We will not hesitate to issue strict injunctions against false promoters," Khandelwal said.

Also Read - Noida Supertech twin towers demolition delayed by 2 months