NCDRC directs Unitech Ltd to refund over Rs 4.37 Cr to property purchaser

HC orders tighter norms on gains from property saleBy Accommodation Times Bureau

The National Consumer Disputes Redressal Commission (NCDRC) has directed Unitech Limited to refund over Rs 4.37 crore to a house purchaser.

The real estate firm had failed to hand over the possession of property even after four years of the promised delivery date.

According to the complaint filed by a Gurgaon-resident Major (Retd) Jaideep Singh, who had booked a house in April 2012 in one of the firm’s projects, Espace Premier Nirvana Country-2, which was proposed to be, developed at sector 78 in Gurgaon. The property was supposed to be handed over in 24 months that is by April 2014. NCDRC has asked the firm to refund over Rs 4.37 crores and also to pay a compensation of Rs 25,000 to the buyer.

The NCDRC directed the firm to pay the amount within three months.

The presiding member of the commission, Justice V K Jain, said, “The opposite party (Unitech) shall refund the entire principal amount of Rs 4,37,98,966 to the complainant (Singh) along with compensation….”

Singh had paid Rs 1.05 crore directly and the rest through his banker.

The real estate firm told NCDRC’s panel that the project was halted due to the situation beyond its control. It said that since the availability of the sewerage treatment plants and water from such plants was very limited compared to the requirement, it became difficult to maintain the timely schedule of construction.

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