Unitech asked to pay Rs 48 lakh to buyer with 18% interest for not allotting apartment | noida | Hindustan Times
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Unitech asked to pay Rs 48 lakh to buyer with 18% interest for not allotting apartment

The apex consumer commission has asked real estate major Unitech Ltd to pay over Rs48 lakh to a Delhi resident for failing to hand over an apartment in its Greater Noida project even after a decade.

noida Updated: Jun 14, 2016 17:46 IST
Unitech
According to the complaint, Singh had booked an apartment in Unitech’s Horizon project at Greater Noida in May 2006. (HT PHOTO FOR REPRESENTATION PURPOSES)

The apex consumer commission has asked real estate major Unitech Ltd to pay over Rs48 lakh to a Delhi resident for failing to hand over an apartment in its Greater Noida project even after a decade.

National Consumer Disputes Redressal Commission (NCDRC) also directed the company to pay an interest of 18% per annum from 2008, when the complainant had paid the money, till the amount is refunded.

A bench of justice JM Malik asked the builder to pay the money to Delhi resident Bhupinder Singh, noting that “almost a decade is going to elapse. No headway has been made in respect of the tower in question.”

“It must be noted that the opposite party (firm) took the lion’s share of the price of the apartment in dispute till December 5, 2008. Almost a decade is going to elapse. No headway has been made in respect of the tower in question. The complainant has many irons in the fire. He is utilising the amount of the complainant for other projects. A fabian policy adopted by the opposite party must have benefited it a lot. It has already succeeded to feather in its own nest, that is to make profit at the cost of others,” the commission said.

The bench directed the firm to “return the entire amount received by it, i.e., Rs48,03,982 along with simple interest at the rate of 18% from the date of deposits till its realisation.”

The commission also awarded a compensation of Rs50,000 to the complainant.

According to the complaint, Singh had booked an apartment in Unitech’s Horizon project at Greater Noida in May 2006. The total sale consideration was Rs49,85,380 and by December 2008, he had paid Rs48,03,982 to the builder.

The builder had assured him that the flat will be handed over by November 2008 but failed to do so, it said, adding that the complainant kept running from pillar to post from 2009 till 2015 but was always given false promises, which led him to file a complaint before the commission.