Refund Offer From Builder After Long Delay Considered Inadequate: NCDRC

The National Consumer Disputes Redressal Commission (NCDRC) has ruled that a refund offered by a builder after a significant delay is inadequate compensation for the inconvenience and loss suffered by the buyer. The case involved a builder who delayed the delivery of a property and subsequently offered a refund instead of the completed unit. The NCDRC held that the delay and the subsequent refund offer did not adequately compensate the buyer, who had been waiting for years. The ruling reinforces the rights of consumers to timely possession of their purchased property and fair compensation in case of delays.