September 12, 2019

Unitech directed by NCDRC to refund Rs. 4.82 crore to home buyers

[ by Legal Era News Network ]


The National Consumer Disputes Redressal Commission (NCDRC) has directed Unitech – a real estate company to refund an amount of Rs. 4.82 crores to eight home buyers along with compensation for delay in handing over possession in one of its projects which was to develop in Gurgaon.

Unitech was directed to refund the entire principal amount received from the homebuyers along with compensation in the form of simple interest at 10 per cent per annum from the date of each payment till the date of refund.

The commission also directed Unitech to pay Rs. 25,000 each to the eight home buyers as cost of litigation within three months.

The complainants had booked residential flat with Unitech in its project 'Unitech South Park'. Unitech had promised the home buyers to deliver possession of their respective flats within 36 months of the execution of the agreement. The complainants alleged that possession was not offered to any one of them despite having paid different amounts to the company.

Related Post

latest News

  • No fresh bankruptcy for 1 year, special insolvency framework for MSMEs

    As part of the Atmanirbhar Bharat Abhiyaan, Finance Minister Nirmala Sitharaman delivered the fifth tranche of the economic package on May 17 where sh...

    Read More
  • NCDRC imposes a fine of Rs. 1 lakh on toll collection firm for charging commuter who had a valid toll pass

    The National Consumer Disputes Redressal Commission (NCDRC) imposed a fine of Rs. 1 lakh on a highway toll collection firm – Kurukshetra Expressway ...

    Read More
  • BJP MP Nishikant Dubey Urges Law To Be Drafted To Ban Social Media In Order To Stop Circulation Of Misinformation

    Bharatiya Janata Party (BJ) MP Nishikant Dube has requested the central government to come up with a law to ban social media in order to stop it from ...

    Read More