Mohali, Jan. 10 -- The Punjab Real Estate Regulatory Authority (RERA) has granted relief to a Panchkula resident after a Mohali-based real estate developer failed to execute a buyer's agreement despite receiving a substantial portion of the plot cost.

In its order, RERA directed Sunny Lovely Developers, Mohali, to execute the buyer's agreement within two months in favour of a resident of Sector 7, Panchkula. The complainant had booked a 500-square-yard industrial plot in the developer's project, "V Industrial Park," located at Sector 102-A, Mohali.

According to the complaint, the plot was booked in 2018 and an amount of Rs.38.75 lakh was paid for the same, which amounts to nearly 60% of the total plot cost of Rs.62.50 lakh. The complain...