More home buyers are now willing to file cases against builders in NCDRC

NEW DELHI | MUMBAI: Lawyer Sahil Sethi has got over 25 calls since Tuesday morning from home buyers wanting to file cases against builders in the National Consumer Disputes Redressal Commission. They too want an order like the one Sethi got in a case he filed against builder Jaypee for delaying its Kalypso Court project in Noida

The commission asked Jaypee to pay 12% interest for the delay and to complete the project by July 21, failing which it will have to pay Rs 5,000 per day per home as a penalty till it hands over homes to the buyers.

In another order, the commission asked Mumbai-based builder Lodha group to refund Rs 1.02 crore to a buyer with 18% interest. On May 6, the court directed Parsvnath Developers to refund the entire amount paid by around 70 home buyers in its Parsvnath Exotica project in Ghazi ..