Mohali builder told to hand over plot booked 15 years ago or refund rRs.r11L deposit
Mohali, June 5 -- The Mohali District Consumer Disputes Redressal Commission has directed a real estate developer to either hand over possession of a residential plot booked 15 years ago or refund the buyer's Rs.11 lakh deposit with 9% interest, after rejecting the builder's defence that possession had become impossible due to non-availability of land.
The commission ordered Preet Land Promoters and Developers Pvt Ltd to deliver possession of a 200-square-yard plot in its Preet Land City project in Sector 86 within two months, complete with occupation and completion certificates. Failing that, the developer has been directed to refund Rs.11 lakh deposited by the allottee along with 9% annual interest from the dates of deposit.
The compl...
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