The Supreme Court now will ensure that it will be a tough time for real estate organizations and developers on the off chance that they neglect to hand over their residential projects to purchasers within the promised time. Taking a dive in this issue, the Supreme court has asked real estate firm Supertech Ltd. to return around Rs. 1 crore to a purchaser for the deferral in the delivery of possession of his flat in Noida, says a Times of India report.
The complainant, Ankur Goswami, had booked a flat worth Rs 1.1 Crore in Supertech’s Capetown venture in Sector 74 Noida in October 2012. The organization had guaranteed to give the ownership to Goswami by October 2013. Even three years after the due date, Supertech Ltd. hasn’t possessed the capacity to finish the venture. Following the deferral, Goswami started legitimate procedures against the real estate firm in 2016 and registered a complaint with the National Consumer Disputes Redressal Commission (NCDRC). Supertech Ltd. said that it couldn’t finish the task in light of the unfavorable order from National Green Tribunal. The Supreme Court, in any case, turned down its supplication saying that the purchaser should not suffer due to the postponement, the report included.
The NCDRC, in July, had guided the organization to return Rs 96 lakh deposited by the purchaser Ankur Goswami with 10 percent interest; in spite of the fact that the flat purchaser had not deposited the sum on time with Supertech. Following this, Supertech moved the Supreme Court challenging NCDRC’s order. The Apex Court bench said that the court is not happy with Supertech’s plea and named it as an infringement of the agreement. The bench likewise dismissed the organization’s request to remove the interest on the sum paid by the flat purchaser Ankur Goswami.