Unitech Directed To Give Possession Of Plot, Interest To Homebuyer
NBCC (India) is ready to act as project management consultant for Unitech’s stalled housing projects. (Photographer: Qilai Shen/Bloomberg News)

Unitech Directed To Give Possession Of Plot, Interest To Homebuyer

Bookmark

The National Consumer Disputes Redressal Commission has asked real estate giant Unitech Ltd. to deliver to a Gurgaon resident a plot in Punjab, along with compensation on the principal amount, for a delay of over six years in handing over the possession.

It asked the company to complete and deliver within three months the possession of a plot in Unitech’s ‘Uniworld City’ project in Mohali, Punjab to Jaswinder Kaur who had booked it in 2009.

The commission directed Unitech to pay Kaur interest at 8 percent per annum on the principal amount of Rs 85.6 lakh paid by her with effect from July 1, 2013 till the date on which the possession would be delivered.

“The opposite party (Unitech) shall deliver possession of the plot, subject matter of this complaint, complete in all respects to the complainant within three months from today,” Presiding member VK Jain said, while directing the company to pay Kaur Rs 25,000 towards litigation cost.

According to Kaur, she had booked a residential plot with Unitech Ltd. in a project namely Uniworld City which was to develop in Sector 107 of Mohali in Punjab.

However, her allotment was shifted to another plot in the same project, the possession of which was to be delivered within 18 months, that is, Jan. 27, 2009.

Though the real estate giant assured the homebuyer of the possession of the apartment, Kaur failed to get her house even after a lapse of more than six years after which she filed a complaint.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.