NCDRC directs Unitech to refund over Rs 1 cr to buyer

The National Consumer Disputes Redressal Commission (NCDRC) has asked real estate giant Unitech Limited to refund over Rs 1 crore to a home buyer for failing to hand over the possession of an apartment. The apex consumer commission has asked the company to refund within three months Rs 1,77,95,300 and give a compensation of simple interest at 10 per cent per annum to Gurgaon residents Amal and MinakshiGanguli for a delay of over two years in handing over the possession. "Refund the entire principal amount of Rs 1,77,95,300 to the complainants along with compensation in the form of simple interest at 10 per cent annum with effect from the date of each payment till the date of refund," Presiding Member of the Commission Justice V K Jain said.