Realtors say ruling on delayed handover of flats not one-size-fits-all

Homebuyers can now seek a refund if the hand-over of a flat is delayed by more than one year

Real estate developers and industry consultants said the National Consumer Disputes Redressal Commission's (NCDRC) order that homebuyers can seek a refund if the handover of a flat is delayed by more than one year should be implemented on a case-by-case basis.

The commission’s ruling came after a hearing on a plea filed by a Delhi resident, Shalabh Nigam, who bought a flat in Gurugram in 2012. When the developer Orris Infrastructure and 3C company did not deliver the flat after the agreed 36 months and grace period of six months, Nigam approached the commission, reports said.

The commission directed the builder to