{"id":6475,"date":"2014-07-04T15:07:00","date_gmt":"2014-07-04T15:07:00","guid":{"rendered":"http:\/\/localhost\/sccblog\/?p=6475"},"modified":"2014-07-04T15:34:09","modified_gmt":"2014-07-04T10:04:09","slug":"developer-firm-of-greater-noida-directed-to-return-money-with-interest-to-flat-buyers-for-delaying-possession","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2014\/07\/04\/developer-firm-of-greater-noida-directed-to-return-money-with-interest-to-flat-buyers-for-delaying-possession\/","title":{"rendered":"Developer firm of Greater Noida directed to return money with interest to flat buyers for delaying possession"},"content":{"rendered":"

National Consumer Disputes Redressal Commission (NCDRC): <\/span><\/b>While taking note of enormous delay by builders in handing over the possession of the premises and rendering relief to flat buyers, NCDRC has directed a developer firm of Greater Noida to return the money of flat buyers with 18 percent interest. The court was hearing complaints filed by two flat buyers who contended that they had booked a three-bed room residential<\/span> flat in the Parsvnath<\/span> Privilege Complex situated in Greater Noida and the builder had promised to handover possessions of their flats within 36 months. It was alleged in the petitions that even after full payment and a huge delay of four years, Parsvnath<\/span> Developers failed to deliver the possession of the flats. While rejecting the contention of Parsvnath<\/span> Developers that NCDRC had no jurisdiction in the matter and the case comes within the jurisdiction of the State Commission, NCDRC ordered Parsvnath Developers to return Rs 50,78,998 and Rs 56,02,399 respectively, to both the flat buyers with 18 percent interest. Apart from the said amount, developer firm was also directed to pay the buyers Rs 7 lakh for causing mental torture, anxiety and frustration and Rs 2 lakh as costs for litigation. (Subhash<\/span> Chander<\/span> Mahajan v. Parsvnath<\/span> Developers Ltd., Consumer Complaint No.<\/span> 144 of 2011, decided on May 5, 2014)<\/o:p><\/span><\/p>\n

To read the full judgment, click here<\/a><\/i><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

National Consumer Disputes Redressal Commission (NCDRC): While taking note of enormous delay by builders in handing over the possession of the premises <\/p>\n","protected":false},"author":3,"featured_media":7321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11],"tags":[3095],"class_list":["post-6475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tribunals_commissions_regulatorybodies","tag-NCDRC"],"yoast_head":"\nDeveloper firm of Greater Noida directed to return money with interest to flat buyers for delaying possession | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Indians can also purchase house in India","author":"Sucheta","date":"February 16, 2016","format":false,"excerpt":"National Consumer Disputes Redressal Commission (NCDRC):\u00a0\u201cIt cannot be made a \u2018rule of thumb\u2019 that every NRI cannot own a property in India.\u00a0NRIs do come to India, every now and then. 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Each NRI wants a house in India.\u00a0 He is\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"National Consumer Disputes Redressal Commission","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/08\/NCDRC_.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/08\/NCDRC_.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/08\/NCDRC_.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/08\/NCDRC_.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/08\/NCDRC_.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":366944,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/11\/17\/supreme-court-directs-bengal-peerless-housing-to-handover-possession-of-flat-pending\/","url_meta":{"origin":6475,"position":1},"title":"No ‘Force Majeure’: SC sets aside NCDRC order, directs Bengal Peerless Housing to hand over flats in 2 weeks","author":"Sucheta","date":"November 17, 2025","format":false,"excerpt":"The Court directed the Housing Company to handover possession to the respondents within 2 weeks and upheld NCDRC order to award simple interest @6% from 07-09-2015 to the date of offer of possession or date of receipt of valid partial OC, whichever is later.","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"handover possession of flat","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/handover-possession-of-flat.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/handover-possession-of-flat.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/handover-possession-of-flat.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/handover-possession-of-flat.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":222197,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/11\/16\/ncdrc-in-case-of-unreasonable-delay-in-offering-possession-of-allotted-flat-consumer-entitled-to-seek-refund-of-amount-paid-with-compensation\/","url_meta":{"origin":6475,"position":2},"title":"NCDRC | In case of unreasonable delay in offering possession of allotted flat, consumer entitled to seek refund of amount paid with compensation","author":"Bhumika Indulia","date":"November 16, 2019","format":false,"excerpt":"National Consumer Disputes Redressal Commission (NCDRC): Justice V.K. Jain (Presiding Member), while disposing of a complaint, directed the builder to refund the amount paid by consumer along with compensation due to failure in offering the possession of the residential apartment with respect to the agreed agreement between the parties. The\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"National Consumer Disputes Redressal Commission","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/08\/NCDRC_.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/08\/NCDRC_.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/08\/NCDRC_.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/08\/NCDRC_.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/08\/NCDRC_.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":234727,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/08\/24\/delayed-handing-over-of-possession-amounts-to-deficiency-flat-buyers-entitled-to-compensation-sc\/","url_meta":{"origin":6475,"position":3},"title":"Delayed handing over of possession amounts to ‘deficiency’; flat buyers entitled to compensation: SC","author":"Prachi Bhardwaj","date":"August 24, 2020","format":false,"excerpt":"\u201cFlat purchasers suffer agony and harassment as a result of the default of the developer. Flat purchasers make legitimate assessments in regard to the future course of their lives based on the flat which has been purchased being available for use and occupation. These legitimate expectations are belied when the\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":224458,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/23\/ncdrc-paltry-compensation-not-an-adequate-redressal-to-allottee-as-it-creates-no-pressure-created-on-developer-to-complete-construction-on-time\/","url_meta":{"origin":6475,"position":4},"title":"NCDRC | Paltry compensation not an adequate redressal to allottee as it creates no pressure created on Developer to complete construction on time\u00a0","author":"Bhumika Indulia","date":"January 23, 2020","format":false,"excerpt":"National Consumer Disputes Redressal Commission (NCDRC):\u00a0Justice V.K. Jain (Presiding Member), while disposing of a complaint, directed the builder to provide compensation in the form of simple interest at 7 percent per annum from the expected date for delivery of possession till the date on which the possession was actually offered\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"National Consumer Disputes Redressal Commission","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/08\/NCDRC_.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/08\/NCDRC_.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/08\/NCDRC_.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/08\/NCDRC_.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/08\/NCDRC_.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":6692,"url":"https:\/\/www.scconline.com\/blog\/post\/2015\/07\/10\/no-compensation-for-delay-in-delivery-of-flats-purchased-for-commercial-purpose\/","url_meta":{"origin":6475,"position":5},"title":"No compensation for delay in delivery of flats purchased for commercial purpose","author":"Sucheta","date":"July 10, 2015","format":false,"excerpt":"National Consumer Disputes Redressal Commission (NCDRC): A person who is involved in purchasing and selling of flats for profits, he does not fall within the purview of \u201cconsumer\u201d and is not entitled for compensation from the construction firm for delay in handing over possession of the flats, observed NCDRC while\u2026","rel":"","context":"In "Tribunals\/Commissions\/Regulatory Bodies"","block_context":{"text":"Tribunals\/Commissions\/Regulatory Bodies","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/tribunals_commissions_regulatorybodies\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/6475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=6475"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/6475\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/7321"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=6475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=6475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=6475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}