Sanjay Arora v. Unitech Ltd. & Ors. - (National Consumer Disputes Redressal Commission) (11 May 2016)
How long can builders keep paying compensation
The National Consumer Disputes Redressal Commission passed yet another order against a property developer for its prolonged failure to deliver possession of a flat.
In the instant case, the property developer had defaulted on delivering possession of the flat by over 10 years. Instead, when the complainant stopped payment of instalments, his bank initiated debt recovery proceedings against him.
The Commission awarded the complainant Rs. 60 lakhs, consideration for the flat, and interest at 18 per cent per annum from the date of deposit. Sums were also awarded for mental and physical harassment and towards litigation costs.
The NCDRC hears and disposes several such property disputes on an almost daily basis. Even in the instant case, it noted that a joint claim by 144 complainants was pending against Unitech Ltd. before just this one forum.
Tags : PROPERTY DEVELOPER POSSESSION DELAY COMPENSATION