Couple win battle against delaying builder

by Paul Joseph on November 30, 2012 · 0 comments

A 15-year wait of a Kandivali couple seeking justice ended on November 6, when Maharashtra State Consumer Commission (MSCC) ordered a builder to return their Rs 3.16 lakh and pay them a compensation of Rs 2.2 lakh within two months for not giving possession of a flat. Failure to pay will entail 18 per cent interest for each day of delay. Rajesh Varma booked a flat in Alok Jyot building in Goregaon in 1992 and was promised possession by June 1993. However, builder Jagat Parikh refused to hand over the 580-sq-ft flat bought after making payment in three installments. He kept making frivolous excuses such as “stamp duty” was not

[via India Properties – Real Estate India – Indian Property News Site]

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