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SC directs Unitech to refund money to 39 Gurgaon home buyers

Compensation for failure to deliver the possession of flats would be considered in the second week of January next year

IANS 

SC directs real estate firm Unitech to pay back investors
SC directs real estate firm Unitech to pay back investors

The Supreme Court on Wednesday directed real estate major to refund the principal cost of flats to 39 buyers who had booked apartments in a project seven years back and have still not got possession of their houses.

Directing to refund the principal amount, a bench of Justice Dipak Misra, Justice Amitava Roy and Justice A M Khanwilkar said the question of interest and compensation for failure to deliver the possession of flats would be considered at the next hearing of the case in the second week of January next year.

While passing the order, Justice Misra said Rome was not built in one day and the foundation of any economy was the "faith" that a buyer reposed in the seller.

The court, in its order, noted the agony of the buyers as they told the bench that even after paying the entire amount they were still without a roof of their own and were living in rented accommodations.

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SC directs Unitech to refund money to 39 Gurgaon home buyers

Compensation for failure to deliver the possession of flats would be considered in the second week of January next year

Compensation for failure to deliver the possession of flats would be considered in the second week of January next year
The Supreme Court on Wednesday directed real estate major to refund the principal cost of flats to 39 buyers who had booked apartments in a project seven years back and have still not got possession of their houses.

Directing to refund the principal amount, a bench of Justice Dipak Misra, Justice Amitava Roy and Justice A M Khanwilkar said the question of interest and compensation for failure to deliver the possession of flats would be considered at the next hearing of the case in the second week of January next year.

While passing the order, Justice Misra said Rome was not built in one day and the foundation of any economy was the "faith" that a buyer reposed in the seller.

The court, in its order, noted the agony of the buyers as they told the bench that even after paying the entire amount they were still without a roof of their own and were living in rented accommodations.

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Business Standard
177 22

SC directs Unitech to refund money to 39 Gurgaon home buyers

Compensation for failure to deliver the possession of flats would be considered in the second week of January next year

The Supreme Court on Wednesday directed real estate major to refund the principal cost of flats to 39 buyers who had booked apartments in a project seven years back and have still not got possession of their houses.

Directing to refund the principal amount, a bench of Justice Dipak Misra, Justice Amitava Roy and Justice A M Khanwilkar said the question of interest and compensation for failure to deliver the possession of flats would be considered at the next hearing of the case in the second week of January next year.

While passing the order, Justice Misra said Rome was not built in one day and the foundation of any economy was the "faith" that a buyer reposed in the seller.

The court, in its order, noted the agony of the buyers as they told the bench that even after paying the entire amount they were still without a roof of their own and were living in rented accommodations.

image
Business Standard
177 22

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