City developer slapped with ₹5 lakh fine for failure to hand over apartment
TIMES NEWS NETWORK
Chennai: The Tamil
Nadu Consumers Disputes Redressal Commission has directed a city-based
developer to return ₹56.46lakh and pay a compensation of ₹5lakh to a
buyer for failing to handover an apartment. The presiding judicial
member of the commission, K Baskaran, has ordered Jeayam Shelters
Private Limited to return the money with 12% interest.
The order is passed on a complaint filed by S
Ravindran and his wife Mangalam Ravindran from Kodambakkam that they
have paid a sum of ₹56.46lakh for a flat at Vandalur. As per the
construction agreement entered on May 13, 2011, the developer should
complete the construction and handover the flat within 12months
including a grace period of three months.
Having come to the conclusion that the developer
could not complete the project and obtain the completion certificate,
the complainants sent a notice to the builder informing him about
exiting from the project.
In the order, which was delivered in December but
the order copy was dispatched last week, the judicial member said the
developer had to handover the flat on May 12, 2012 as per the promised
date. It is on record that even up to the date of filing of the
complaint (May 27, 2015), the developer could not complete the
construction, he added. "The complainant has prayed for direction to the
developer to repay ₹56,46,106, which was paid by them to the developer
together with interest at the rate of 12% from the date of payment till
realisation and a sum of ₹5 lakh towards compensation for the mental
agony and hardship suffered by them and ₹10,000 towards cost of
complaint. We hold that complainants are entitled to get the same,” the
judicial member.
B Sampath Kumar, chairman of Jeayam Shelters Private Limited, was unavailable for comment.
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