[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Shubham Pundir |
staff of Kamagroup Pvt. Ltd. Here I have important INDIA REAL ESTATE news
to share with you which is as under mentioned.
The Delhi State Consumer Commission has observed that home buyers cannot
be expected to wait indefinitely for possession of flats after making payments.
The observation came after it asked real estate giant Unitech to refund over
Rs 9 lakh to a Gurgaon-based home buyer for failing to hand over the possession
of an apartment.
It directed Unitech to refund Rs 9,79,326 lakh paid by Gurgaon resident Ravinder
Midha within 45 days along with simple interest at 10 per cent per annum for the
six-year delay in handing over the possession of the apartment.
The commission noted that Unitech failed to construct and deliver possession of
the flat even after six years despite taking payment for it, thereby "indulging in
unfair trade practice" and "retaining the hard-earned money" of the buyer.
Read more at: https://economictimes.indiatimes.com/wealth/real-estate/buyers-cannot-be-made-to-wait-indefinitely-delhi-consumer-court-to-unitech/articleshow/70347847.cms
Kamagroup Pvt. Ltd.
Have a nice day.