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Mumbai: Villa a pipe dream for 8 years, builder asked to pay couple nearly Rs 1 crore | Mumbai News


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MUMBAI: Observing that when possession is not delivered within the stipulated time, the allottee is entitled to refund with reasonable interest, the National Consumer Disputes Redressal Commission directed a Gurugram-based real estate developer to pay Rs 64 lakh to a Mumbai-based family who had booked a villa in 2009, but did not receive possession.
Besides Rs 25,000 litigation expenses, the complainants, Andheri residents, Pratibha and Nagendra Singh are also likely to receive Rs 30 lakh interest as the commission has levied 9% interest on the developer, Vatika Ltd. The developer had argued that since there was no prayer for a refund in the Singhs complaint, they should be directed to take possession of the villa. The developer said the completion certificate was obtained for the villa. ....

Nagendra Singh , Vatika Ltd , National Consumer Disputes Redressal Commission , நாகேந்திரா சிங் , வத்திகா லிமிடெட் , தேசிய நுகர்வோர் சச்சரவுகள் நிவாரணம் தரகு ,