Builder penalised for failure to deliver flat in time
Builder penalised for failure to deliver flat in time posted by 1newsbusines New Delhi: The Delhi Consumer Commission has recently awarded a man Rs 63 lakh compensation after a real estate firm failed to grant him possession of his flat even after seven years. In 2013, complainant Raminder Chimni, represented by Advocate Mohd Irshad, had purchased a 1,920-sq-ft flat in Parsvnath Exotica, Ghaziabad, for Rs 60 lakh. According to the flat buyers agreement, the construction of the house was to begin within six months of purchase and completed within three years, with the possession being handed over by March 2017. Noting that the construction had not begun till date, the Delhi State Consumer Disputes Redressal Commission (DSCDRC) directed the firm to pay the man a refund of Rs 60 lakh along with Rs 3 lakh as “mental agony and litigation” costs. Relying on arguments similar to many real estate firms, Parsvnath told the Commission that the complainant was not a consumer but an investor ...
