Supreme Court tells Unitech to pay interest to 39 flat buyers | india-news | Hindustan Times
Today in New Delhi, India
Jun 27, 2017-Tuesday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Supreme Court tells Unitech to pay interest to 39 flat buyers

The interest will be calculated from January 1, 2010 till Unitech deposited the principal amount.

india Updated: Feb 21, 2017 18:15 IST
Unitech
Unitech project site.

The Supreme Court on Monday asked real estate major Unitech to pay interest to 39 flat buyers who chose to withdraw after the builder’s failure to deliver flats as promised.

Read: SC orders Unitech to refund money to 39 flat buyers

The matter concerns the owners who booked flats in Unitech’s Vistas project in Gurugram in Haryana.

Justice Dipak Misra, justice AM Khanwilkar and justice Mohan M Shantanagouder gave the builder eight weeks to deposit the interest at the rate of 14% to the top court’s registry.

The interest will be calculated from January 1, 2010 till Unitech deposited the principal amount.

The court said 90% of the interest amount that will be deposited with its registry will be disbursed to the 39 buyers who have opted out.