As many as 30 homebuyers filed a case against Raheja Developers Limited, requesting a return of the total sum collected from them for consideration of the units, plus interest, due to the project’s delay in development.
The National Consumer Disputes Redressal Commission (NCDRC) has ordered Raheja Developers to refund homebuyers’ deposits as well as interest for delaying its project Revanta in Sector 78, Gurgaon within two months of this order.
The opposite party is said to refund the whole sum placed by the respective complainants, as well as delay compensation at nine percent per annum on the deposited amount from the respective dates of deposits till realization.
The Compensations For The Homebuyers, If The Builder Fails To Offer Possession Of The Units Within Three Months
Any such delay of more than two months will be subjected to a 12 % annual interest rate for the same period. The order was given in three parts by the commission due to the homebuyers’ requests for various reliefs.
Dismissing another batch of complaints in the same case, the consumer court ordered the builder to complete the construction of the units allotted to the buyers in all respects, obtain the requisite tenancy certificate at its own cost and charge, and offer and give ownership of the particular units within three months after the order, along with a late recompense of 8% from the planned date of possession as per the individual agreements;
According to the order, if the builder fails to deliver possession of the units within three months, it must refund the deposited amount within four weeks after the end of two months, plus delay compensation at the rate of 9 percent simple interest per annum from the respective deposit dates until realisation. Any extension beyond October 2022 will incur interest at a rate of 12% for the same time, it added.
How Many Homebuyers Has Filed Case Against Raheja Developers?
In another batch of complaints where the buyers sought possession, the consumer court ordered the builder to complete the construction of the units in all respects, obtain the essential occupancy document along with deferral compensation at the rate of 8% per year from the anticipated date of possession as per the personal agreements; this will include the grace period till the offer of tenure or attaining occupancy certificate, either is late.
As many as 30 homebuyers filed a complaint against Raheja Developers Limited under Section 21 read with Section 12 (1) (a) of the Consumer Protection Act 1986, seeking a refund of the entire amount collected from them for consideration of the units, plus interest, due to the project’s delay in construction. Some of these properties were reserved in 2012 and were scheduled to be delivered in 2016.
This Is Why Real Estate Corporation Plans To Challenge The NCDRC Judgement
Such orders denote the inability of upset homeowners who are waiting receive their houses even ten years after buying them. Units scheduled to be delivered in 2016 are far from finished, and the contractor has made no attempt to complete them for years.
This is despite the fact that the builder has been paid in full “PSP Legal’s Aditya Parolia, who represented the homeowners in the case, remarked
The real estate corporation intends to appeal the NCDRC judgement to a higher court.