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Discuss latest development in Gurgaon Real Estate market, Residential and Commercial property in Gurgaon. Discuss property investments, prospects, laws and regulations.

Consumer Court orders 12% Delayed Possession Penalty to UNITECH for delayed Period

Postby BlessU » Tue Jun 23, 2015 5:07 pm


After relief to Unitech VISTA, buyers of Residency now get 12% compensation for delayed period. NCDRC has set aside agreement term of Rs 5 psf as penalty for delay, as one sided and arbitrary

These judgments are remarkable as never before delayed possession was being compensated by any court. Buyers could get refund with compensation but not compensation for delayed possession.

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