CA Ramesh Agrawal Haryana Real Estate Regulatory Authority (HRERA) have ordered 17 Builders, to refund Rs. 50 Crores to the homebuyers of various construction projects for non-delivering the projects well on time. HRERA has issued multiple orders for 17 Builders directing them to refund the home buyers their hard-earned money along with 9.70% Interest within 90 days. Refund orders have been passed after listening to both the parties i.e., Homebuyers & Builders & on finding out that builders were guilty. Approx 300 matters were listed before the authority for adjudication in July. In 63 Cases, The Authority ordered refunds with interest @ 9.70%. These Adjudications are related to 17 Builders & refund is approx 50 crores. Raheja Developers alone has to refund Approx 12 crores to 11 Homebuyers, & out of which 1 Refund is for Rs. 2.35 Crores. In another 15 matters, the authority ordered refund after the ded