Delhi High Court Directs NBCC To Return Full Money To Aggrieved Homebuyer, Orders ₹5 Lakh Compensation...
Live Law - 2024-05-09T05:15:07.000Z

The Delhi High Court has directed the National Buildings Construction Corporation (NBCC) to return entire amount of over Rs. 76 lakh deposited by a homebuyer in 2017 regarding a flat which was never handed over to him, observing that he had been left in complete lurch. Justice Subramonium Prasad observed that purchasing a house is one of the most significant investments an individual or family make in their lifetime and often involves years of savings, meticulous planning and emotional...

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Delhi HC orders NBCC to refund homebuyer over Rs 76 lakh with interest
Delhi HC orders NBCC to refund homebuyer over Rs 76 lakh with interest New Delhi: The Delhi High Court has ordered the National Buildings Construction Corporation (NBCC) to refund a sum exceeding Rs 76 lakh to a homebuyer due to the non-delivery of a flat initially purchased in 2017. Justice Subramonium Prasad, overseeing the case, stressed the significant emotional and financial impact on the buyer, directing the repayment of the full amount with an interest rate of 12 per cent from...
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In related news

Delhi HC orders NBCC to refund homebuyer over Rs 76 lakh with interest

[Coal Scam Case] Delhi High Court Orders Renewal of Ex-MP's Passport

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