Mohali, Oct. 21 -- The Punjab Real Estate Regulatory Authority (RERA) directed Sushma Developers and its directors to execute a registered sale agreement and transfer a commercial unit in the Sushma Empiria project to the legal heirs of a deceased Major General, while awarding assured returns at 12% per annum for a specified period and statutory interest for the subsequent delay in handing over possession.

The authority also directed its secretary to initiate separate proceedings against the promoter under Section 61 read with Section 13(1) of the Real Estate (Regulation and Development) Act, 2016, over accepting more than 10% of the sale consideration without executing a written sale agreement.

The complaint was filed by the legal repr...