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Unitech Directed To Refund 1.7 Crores To Buyers By NIDRA.

Courtesy/By: Akanksha Singh | 17 May 2019

The Gangulis had booked a residential apartment with Unitech Limited in its ‘The Exquisite’ project in Nirvana Country-2 which was to be developed in Gurugram. They had booked the apartment on March 24, 2014 and the possession was to be delivered within 36 months. According to the allotment letter, the apartment was to be delivered to them by March 21, 2017. Despite the assurance given by the real estate giant, they were not even after a lapse of more than two years, after which they filed a complaint.

On 15^thMay,The National Consumer Disputes Redressal Commission (NCDRC) has asked real estate giant Unitech Limited to refund Rs 1.7 crores to a home buyer, for failing to hand over the possession of an apartment.The apex consumer commission has asked the company to refund, within three months, Rs 1,77,95,300 and give a compensation of simple interest at 10% per annum, to Gurugram residents Amal and MinakshiGanguli, for a delay of over two years in handing over the possession.

Justice V K Jain who is the presiding member of the commissionsaid that “Refund the entire principal amount of Rs 1,77,95,300 to the complainants, along with compensation in the form of simple interest at 10% per annum, with effect from the date of each payment till the date of refund,” the commission along with compensation also asked the firm to pay Rs 25,000 as litigation cost to the home buyer.

Courtesy/By: Akanksha Singh | 17 May 2019