The National Consumer Disputes Redressal Commission (NCDRC) has directed Unitech to repay over Rs 1 crore to two home buyers for failing to hand over possession of an apartment even after a delay of almost six years. NCDRC has also directed the company to pay as compensation interest at 10 per cent per annum on the principal amount and pay Rs 25,000 as litigation cost to the two home buyers.
Unitech is engaged in real estate activities. The company is engaged in developing/constructing residential and commercial properties in India and selling the immovable properties to customers.
