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The coram of the commission noted that the opposite parties (Parsvnath Buildwell, Parsvnath Developers and Devidayal Aluminium Industries) did not have a valid licence to construct the flat but kept misguiding the complainants.
The National Consumer Disputes Redressal Commission, consisting of Ram Surat Ram Maurya (President) and Bharatkumar Pandya (member), held that the buyer cannot be made to wait for an infinite period...
If India needed any more proof that it was in the midst of a huge housing boom, it got in this week's GDP data, heightening expectations that the industry will continue to power the economy for years to come. The construction sector grew 13.3% in July-September from a year earlier, up from 7.9% in the previous quarter and its best performance in five quarters, the data released on Thursday showed. That helped India expand at a forecast-beating 7.6%, making it one of the world's fastest-growing major economies.
Sales driven by rising incomes, housing shortage, govt subsidies
The National Consumer Disputes Redressal Commission (NCDRC) has compelled a real estate major to pay around Rs 80 lakh compensation to a flat buyer. Find out more about the enforcement of refund orders and the monitoring of timely payments.