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NCDRC directs Unitech to repay over Rs 1 crore to two home buyers

27 Aug 2019 Evaluate

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.

Peers
Company Name CMP
Lodha Developers 1038.50
Prestige EstatesProj 1445.00
Dilip Buildcon 375.80
DLF 690.00
Oberoi Realty 1626.00
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