Builder Delays Flat Possession? Mumbai Consumer Court Orders Rs 45.45 Lakh Refund With 9% Interest
A Mumbai consumer commission has ordered a builder to refund Rs 45.45 lakh with 9% annual interest for delayed flat possession, along with Rs 25,000 towards litigation costs
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Homebuyers who pay builders lakhs of rupees for their dream homes can face years of uncertainty when projects are delayed. If a flat is not handed over by the promised deadline, buyers may have legal options to recover their money. In a recent ruling, a Mumbai consumer commission directed a builder to refund Rs 45.45 lakh with 9% annual interest for failing to deliver a flat on time. It also ordered compensation for mental agony and reimbursement of legal costs.