Chandigarh, Oct. 7 -- Providing relief to real estate buyers, the Haryana Real Estate Appellate Tribunal has ordered two Gurugram-based realtors to refund earnest money along with 10.85% interest to the allottees.

Chairman of the appellate tribunal Justice (retd) Rajan Gupta, member (judicial), Virender Parshad and member (technical) Dinesh Singh Chauhan in its October 1 order said that the tendency of the promoters to cheat innocent buyers by adopting clever tactics needs to be curbed and stern measures are required for this purpose.

"The appeals are thus allowed. The respondent promoter would be liable to refund the earnest money along with interest @ 10.85% per annum from the date of deposit till realisation within 90 days of this or...