Mohali, Sept. 21 -- The Punjab Real Estate Regulatory Authority (RERA) has directed Gunjan Land Developers, Zirakpur, to pay Rs.1.25 lakh as compensation and litigation costs to two homebuyers from Amritsar for failing to deliver possession of a flat and not refunding the full amount despite a settlement agreement.

The order, pronounced by adjudicating officer RS Rai, came on a complaint filed by Sunita Sharma and Ajay Kumar, who had booked Flat Number 322 in the GLD Homes project at Kharar, Mohali. The complainants stated that they paid Rs.16.44 lakh between August 2022 and June 2023 against a total sale price of Rs.27.5 lakh. A buyer's agreement was signed in August 2022.

According to the complaint, the developer misrepresented that t...