Justice served: Supreme Court ordered UNITECH to pay per annum 14% fine to home buyers

Justice served: Supreme Court ordered UNITECH to pay per annum 14% fine to home buyers

Screenshot - 2_21_2017 , 12_49_32 PM.pngNew Delhi: providing justice to home buyers the Supreme Court of India on Monday gave a big setback to Unitech builder for delaying in possession of its project Vistas at Gurugram.

The court ordered Unitech to pay 14% per annum interest to home buyers applicable from January 1, 2010  which will be in addition to the amount of Rs. 16.55 Crore, already paid by builder to home buyers.
The interest component of 14% is not final and the interest might even go up, according advocate Pawanshree Agrawal, who represented the aggrieved buyers.

“Just half the battle is won till now. The court has fixed the interest component at 14%, however, it said that further decisions on the interest component and compensation would be taken at the next date of hearing,” he informed.

All of us are happy to see Unitech finally getting punished for the lapse. We hope that the court will give us compensation for mental agony as well so that we can buy homes,” said Prasoon Dubey, one of the buyers.

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