Builder fined for delay in delivering flat

NEW DELHI: The apex consumer panel has asked real estate major Parsvnath Developers Ltd to pay over Rs 42 lakh to a buyer for failing to hand over a flat in Greater

NEW DELHI: The apex consumer panel has asked real estate major Parsvnath Developers Ltd to pay over Rs 42 lakh to a buyer for failing to hand over a flat in Greater Noida in Uttar Pradesh, booked around 10 years ago.

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National Consumer Disputes Redressal Commission (NCDRC) also directed the firm to pay an interest of 18 per cent per annum from the date of each payment till the full amount is refunded.

According to the complaint, Aditya Laroia had booked the flat in firm’s project Parsvnath Privilege in Greater Noida in May 2006 and the possession was to be delivered within 36 months from the date of commencement of construction of the flat. However, Laroia claimed that the construction of the flat was not yet complete and, thus he approached the commission seeking Rs 1.23 crore, including interest.

The firm submitted before the commission that it will be in a position to deliver the possession of the flat by the end of December 2016, which was rejected by complainant.