Flat possession delayed for nearly 10 years? Consumer court orders builder to refund ₹45 lakh with 9% interest
Summary
A Mumbai consumer commission has ordered a developer to refund ₹45.45 lakh to a homebuyer who waited nearly a decade for a Panvel flat, with 9% annual interest taking the payout to ₹86.37 lakh. However, it rejected his claim for ₹5.23 lakh in home loan interest.
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Flat possession delayed for nearly 10 years? Consumer court orders builder to refund ₹45 lakh with 9% interest
A Mumbai consumer commission has ordered a developer to refund ₹45.45 lakh to a homebuyer who waited nearly a decade for a Panvel flat, with 9% annual interest taking the payout to ₹86.37 lakh. However, it rejected his claim for ₹5.23 lakh in home loan interest.
