Builder kept homebuyer's money for 10 years, court orders to refund Rs 5.25 lakh
A Hoshiarpur consumer commission has ordered a builder and housing society to refund Rs 5.25 lakh to a software engineer. The project, "Krisha Heights," promised completion within four years of a 2015 application, but remained on paper for over a decade.
The commission slammed the delay as an unfair trade practice, stating builders cannot collect funds without approvals and use them as interest-free capital. The refund includes 7% annual interest.
Information from The Times of India. Edited by: Noticias Today.
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