Buyers Entitled To Refund With Interest In Case Of Delay In Handing Over Possession: NCDRC

The National Consumer Disputes Redressal Commission (NCDRC) ordered a real estate developer to refund the buyers with interest due to a significant delay in handing over possession. The commission held that such delays amount to deficiency in service, warranting compensation to the affected buyers. This ruling reinforces consumer rights in the real estate sector and underscores the importance of timely delivery in property transactions.