[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Hyaemin Park staff of Kamagroup. Here I have important INDIA REAL ESTATE news to share with you which is as mentioned under.|
National Consumer Commission recently ordered a Mumbai developer and the firm’s director to pay a total compensation of nearly Rs 1.4 crore to a Gamdevi company, which had paid Rs 60 lakh for a flat for its director in 2008 but never got possession. The developer and director were also directed to pay around Rs 70 lakh to a Versova couple for failing to give them possession of a flat they booked in the same project for Rs 30 lakh.
The commission said complainants could not be made to wait endlessly for compensation. The developer, it said, had not given “cogent reasons” on why the registered deed of agreement was not executed despite receiving the entire sale consideration Vaidehi Akash Housing Pvt Ltd had submitted appeals against flat-buyers, B Vijaykumar & Sons Pvt Ltd and Lalit and Poonam Kumar after Maharashtra State Consumer Disputes Redressal Commission ruled in their favour in April 2018. The state commission had directed the developer to refund the amount paid for the flat and pay Rs 1.5 lakh each to the buyers as compensation.
Read more at: https://economictimes.indiatimes.com/wealth/real-estate/mumbai-builder-to-pay-rs-2-crore-for-not-delivering-flats/articleshow/72950652.cms
Have a nice day.