Debt-ridden Unitech, a real estate firm, witnessed yet another setback. The country's apex consumer panel, the NCDRC, directed the realtor to pay compensation to 33 home buyers, complete construction of the flats within nine months and hand over the possession to them.
The decision has come after a group of home buyers who had booked their flat in Uniworld, one of Unitech’s housing projects which was to be developed in Noida, Sector 117, lodged a complaint with National Consumer Disputes Redressal Commission (NCDRC) for not getting possession of their flats. They sought compensation for not getting their flats on time.
Hearing the matter, NCDRC directed Unitech to pay compensation to home buyers at the rate of eight per cent from the date fixed for the delivery of their flats till the day on which the possession would be given.
It also directed the Unitech group to complete construction of flats within nine months. “Unitech Limited shall complete construction of the flats allotted to the flats buyers, in all respects, within nine months,” NCDRC directed.
The commission also asked Unitech to pay Rs 50,000 as litigation cost to the complainants. It further made it clear that the money paid as litigation cost would be excluding compensation to be given to the flat owners.