Real estate firm fined Rs 1 lakh for not allotting space promised in Mohali

The order was given by the Forum following the complaints filed by Meenakshi Tuli Pasrija,a resident of Sector 15 in Chandigarh and Saloni Jain,a resident of Faridabad.

The two had separately applied for industrial work space/design studio in the proposed Fashion Technology Park. Each of them had paid the required money to the company for the allotment.

The allotment was to be made by mid-2009,but this was not done.

In January 2010,the company said it was willing to compensate the applicants and gave them the option of ‘buy back’. The company promised that the ‘buy back option’ would be honoured by December 2010,but this was not done.

Aggrieved by this,the applicants filed complaints in the Forum.

In its reply,the company claimed that construction work at the site was in full swing,and had been delayed due to global recession of 2008-09.

After considering the two cases,the Forum observed that the company did not pay Rs 7.50 lakh due to each applicant as part of the ‘buy back option.’

In this light,the Forum directed the company to pay Rs 7.50 lakh to each applicant,and also compensate them for the harassment and loss suffered by them.