Complainants to get Rs 16 lakh for Rs 3 lakh invested besides Rs 2.25 lakh
The State Consumer Disputes Redressal Commission (SCDRC) directed a developer to give a proportionate market price to two complainants for flats each booked. In 2009, the complainants each paid Rs 3 lakhs for an Rs 8 lakh flat.With a flat price over Rs 40.95 lakhs, the commission directed Rs 16 lakh be paid to each, besides Rs 2.25 lakh in compensation for mental agony and litigation costs, in two months, failing which 12 percent interest per annum will have to be given.
https://www.freepressjournal.in/mumbai/mumbai-commission-directs-proportionate-market-price-be-refunded-to-two-complainants
Source: The Free Press Journal
