Hyderabad, May 23 -- The Telangana State Consumer Commission has ruled that homebuyers have the right to seek a refund with interest and compensation from a builder if a pre-launch agreement fails.

The commission observed that a builder cannot escape liability merely by offering to pay rent when construction has not even begun, and the villa is not handed over within the agreed timeline.

The commission stated that if the builder is unable to complete construction and deliver the property within the stipulated period, buyers are entitled to recover the amount paid along with applicable interest.

Commission's order

In its order, the commission directed SARK (SAARC) Projects India Private Limited to refund Rs 1.08 crore paid by the compl...