Summary:
GREATER NOIDA: The Greater Noida bench of Uttar Pradesh Real Estate Regulatory Authority on Tuesday ordered a forensic audit of Concept Horizon Infra Pvt Ltd, a builder who has failed to deliver a mixed-use project, Orizzonte, located in Knowledge Park 3.Nearly 40 buyers, who invested in Orizzonte, moved UP-Rera against the builder. “We’ve asked financial analysts, Currie & Brown, to conduct an audit on where the investments of the buyers went as the builder seems to be in no position to complete the project,” said Balwinder Kumar, a member of the UP-Rera. The order came after the builder failed to furnish an adequate response explaining why it failed to pay assured returns to the buyers or how it plans to complete the project which is already overdue by over two years..