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Pay interest to homebuyer for delay: NCDRC to builder

Gurugram: In a relief to a homebuyer, the National Consumer Disputes Redressal Commission (NCDRC) has asked the managing director of a real estate company having

Published on: Jan 12, 2020 11:53 PM IST
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Gurugram: In a relief to a homebuyer, the National Consumer Disputes Redressal Commission (NCDRC) has asked the managing director of a real estate company having a project in Sector 37C to come in person to the commission in next hearing and pay interest to the homebuyer for delay in handing over the possession of his flat as per the commission’s August 2019 order.

HT Image
HT Image

The commission also ruled that the managing director of the company will not leave the country till further orders.

“Managing director of the company is asked to be present in person in court on the next hearing on April 8, 2020, and meanwhile he will not leave the country since previous order not complied,” said the NCDRC’s January 6 order.

When asked, Vipin Gupta, advocate for the realtor, said, “We have settled many such cases amicably as per the commission’s directions. In this regard, since matter is in the commission, I will not comment anything. We will follow commission’s direction, however.”

Mohan Singh, the complainant, told HT that he booked a flat in the housing project at Sector 37C in Gurugram in 2011 and the developer was to offer possession in September 2016. In 2018, after he did not see any sign of possession of flat, he moved the commission for relief in terms of delay compensation.

As per the NCDRC’s August 2019 order, the company had to pay 12% interest of the total amount paid by the complainant as compensation for the delay in possession of flat within four weeks of the order, failing which 14% rate would be applicable.

“The developer did not follow the August order of the commission. Then, as per NCDRC rules, we moved a plea before Justice VK Jain for execution of the August 9 order,” said Nitin Saxena, advocate of the homebuyer.

 
ABOUT THE AUTHOR
Dhananjay Jha

Dhananjay Jha writes on development authorities, transport, industries, power and other developmental issues in Gurgaon. A journalist for over a decade, he has worked in Delhi and in HT’s Noida bureau.

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