Haryana RERA Orders Ocean Seven Buildtech to Refund Homebuyer Rs 7.3 Lakh

Dated on: Thursday 20th November 2025

The Haryana Real Estate Regulatory Authority has directed Ocean Seven Buildtech to return Rs 7.3 lakh to a homebuyer after cancelling the allotment of a unit in its Gurgaon project. The buyer had paid over 60% of the total amount, but the builder cancelled the booking, citing non-payment of dues. HRERA found that the promoter failed to justify retaining the buyer’s money and ruled that the amount must be refunded with 10.85% interest, after deducting Rs 25,000 as per policy. The authority held that developers cannot hold buyers’ funds without delivering the property or following proper cancellation procedures.