NCDRC has asked the real estate giant to refund Rs 1.7 crore to Gurugram couple within three months along with 10 per cent interest for delayed possession of their flat in The Exquisite project.
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In a precedent that could give hope to hundreds of homebuyers who have been waiting to get possession of their dream houses, the National Consumer Disputes Redressal Commission (NCDRC) has directed developer Unitech Limited to refund over Rs 1 crore to a home buyer in Gurugram over delay in completion of the project.
Amal and Minakshi Ganguli had booked a residential apartment with Unitech Limited in its 'The Exquisite' project in Nirvana Country-2 which was to be developed in Gurugram.
The couple had booked the apartment on March 24, 2014 and the possession was to be given within 36 months. But they weren’t given possession of the flat even after two years of deadline lapse.
Unitech has been asked by the commission to refund Rs 1,77,95,300 to the couple within three months along with simple interest at 10 per cent per annum.
Presiding member of the Commission, Justice VK Jain said, “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 cent per annum with effect from the date of each payment till the date of refund."
The real estate giant has also been told to pay Rs 25,000 as litigation cost to the home buyer.
According to the complainants, at the time of booking the flat, they were given an allotment letter by the builder saying that the apartment will be delivered to them by March 21, 2017. But when the possession didn’t happen even after a lapse of more than two years, the Gangulis filed a complaint.
