Unitech asked to refund Rs 4cr to 6 home buyers for delayed projects

The National Consumer Disputes Redressal Commission (NCDRC) has directed leading real estate developer, Unitech Ltd to refund amount of nearly Rs 4 crore to a group of buyers for delay in delivering homes to them in Gurgaon.

The buyers had approached the commission after the developer failed to give them possession of apartments, under its Vistas project in Sector 70, as per the agreement signed more than five years ago. The builder was supposed to give possession within 36 months from the date of the agreement.

“The opposite party (Unitech) is directed to refund the amount paid to it by the complainants along with compensation in the form of simple interest at 18% per annum calculated from the date of each payment till the date the said amount is paid along with the interest in terms of this order,” Justice VK Jain, Presiding Member NCDRC and Dr BC Gupta, Member NCDRC said in the order passed earlier this week.

(source by:- Hindustan Times)

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