Buyers Have Rights To Refund In Cases Of Delay And Cancellation Of Allotment: NCDRC

The National Consumer Disputes Redressal Commission (NCDRC) reaffirmed buyers' rights to a refund in cases of delay or cancellation of property allotment. The commission emphasized that homebuyers are entitled to a refund with interest if the builder fails to deliver the property as per the agreed timeline. This ruling strengthens consumer protection in real estate transactions and ensures accountability for developers who breach contractual obligations.