Refund Rs53 lakh to two Home Buyers, NCDRC asks Unitech

The National Consumer Disputes Redressal Commission has asked real estate firm Unitech to refund within three months Rs 53,73,561 to Gurgaon residents Abhishek and Mani Agarwal for a delay of over seven years in handing over the possession of the apartment, as reported by The Economic Times. The commission has also asked Unitech to pay compensation in the form of simple interest at 10% per annum with effect from the date of each payment till the date of full refund.
 
Additionally, Unitech is also asked to pay Rs25,000 as litigation cost to the home buyers. The Agarwals had booked a residential apartment with Unitech Reliable Projects Limited in a project namely 'Capella' in Uniworld City, which was to be developed in Greater Noida.
 
According to the allotment letter, the apartment was to be delivered to them by November 30, 2011. However, their allotment was shifted to another project, namely, 'Unitech Verve', the possession of which was to be delivered within 15 months, that is, June 29, 2012.
 
Though the real estate giant assured the home buyers of the possession of the apartment, the Agarwals failed to get their house even after a lapse of more than seven years after which they filed a complaint.

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