After Delay of 7 Yrs, Unitech to Refund 53 Lakhs to 2 Homebuyers

Proposed elevation plan of Unitech’s project Burgundy in Sector 96, Noida. Image used for representation. 

(Photo Courtesy: Unitech Website)

The National Consumer Disputes Redressal Commission (NCDRC) has asked real estate giant Unitech to refund over Rs 53 lakh to two home buyers for failing to hand over the possession of an apartment.

The apex consumer commission asked the company to refund within three months Rs 53,73,561 and give a compensation of simple interest at 10 percent per annum to Gurgaon residents Abhishek and Mani Agarwal for a delay of over seven years in handing over the possession of the apartment.

"Refund the entire principal amount of Rs 53,73,561 to the complainants along with compensation in the form of simple interest at 10 percent per annum with effect from the date of each payment till the date of full refund," Presiding Member of the Commission Justice VK Jain said.

The Commission also asked the firm to pay Rs 25,000 as litigation cost to the home buyers.

The Agarwals had booked a residential apartment with Unitech Reliable Projects Limited in a project namely 'Capella' in Uniworld City, which was to be developed in Greater Noida.

According to the allotment letter, the apartment was to be delivered to them by 30 November, 2011.

However, their allotment was shifted to another project, namely, 'Unitech Verve', the possession of which was to be delivered within 15 months, that is, 29 June, 2012.

Though the real estate giant assured the home buyers of the possession of the apartment, the Agarwals failed to get their house even after a lapse of more than seven years after which they filed a complaint.