27 years on, homebuyers to get 7 times the price of undelivered flats

About 27 years after they booked flats in a residential project at Kopar Khairane in Navi Mumbai, two residents of Lokhandwala will receive amounts equal to seven times the price of the flats as the builder failed to complete the project and handover over ready flats

During the pendency of a proceeding before the National Consumer Disputes Redressal Commission (NCDRC), builder Jaswant Kumar Bhatia, the proprietor of City Builders, on May 11 agreed to pay compensation of ₹91 lakh and ₹88 lakh to Gul Achra and Kanta Achra, respectively.

https://www.hindustantimes.com/cities/mumbai-news/27-years-on-homebuyers-to-get-7-times-the-price-of-undelivered-flats-101652717928376.html

Source: Hindustan Times

Leave a Reply

Your email address will not be published. Required fields are marked *