New Delhi, Sept. 8 -- The Hyderabad consumer commission has directed a real estate company to pay Rs.55.8 lakh to a customer after finding that it failed to follow the terms of a lease agreement for a white sandalwood plantation investment, according to a Times of India report. The commission also ordered the company to pay Rs.25,000 as compensation for mental agony and Rs.5,000 towards legal costs.

According to the report, Suresh Kumar Chinta invested Rs.17.5 lakh with a Gurgaon-based real estate firm, Square and Yards Infra Pvt. Ltd, in 2023. Under the deal, the firm offered Chinta agricultural land for growing white sandalwood trees, while the company would pay him Rs.30,000 per month from April to September 2023. The value of the inv...