Homebuyer can’t be forced to take possession in delayed project: NCDRC

Highlights:

A NCDRC bench directed a Delhi-based builder Pioneer Urban Land and Infrastructure to refund amount of Rs 4.43 crore to a homebuyer who had invested the money in 2012 to get a flat in Gurugram.

The flat was to be delivered in 2015 but the builder failed to fulfil its promise and the buyer approached NCDRC in 2018 for refund of the amount.

It is choice of a home-buyer whether to take possession in delayed housing project or to seek refund of his money and a builder cannot refuse to give back the amount on the ground that flat is ready, the National Consumer Disputes Redressal Commission has said.

A bench of justice V K Jain directed a Delhi-based builder Pioneer Urban Land and Infrastructure to refund amount of Rs 4.43 crore to a homebuyer who had invested the money in 2012 to get a flat in Gurugram. The flat was to be delivered in 2015 but the builder failed to fulfil its promise and the buyer approached NCDRC in 2018 for refund of the amount.

Source By: https://timesofindia.indiatimes.com/business/india-business/homebuyer-cant-be-forced-to-take-possession-in-delayed-project-ncdrc/articleshow/70512415.cms