Delhi HC orders NBCC to refund Rs 76 lakh with interest to homebuyer
Millennium Post Delhi|New Delhi 10May2024
The Delhi High Court has asked NBCC to refund over Rs 76 lakh along with interest to a homebuyer after it failed to deliver possession of his flat, bought in 2012, and also awarded compensation of Rs 5 lakh for causing "extreme mental agony".
Delhi HC orders NBCC to refund Rs 76 lakh with interest to homebuyer

Justice Subramonium Prasad, while allowing the homebuyer's petition against NBCC, observed that purchasing a house is one of the most significant investments an individual or a family makes in their lifetime, and it often involves years of savings, meticulous planning and emotional investment, and therefore compensating wronged homebuyers is not just a matter of rectifying past injustices but also about deterring future misconduct.

The petitioner, a retired government employee, said he purchased the flat in 'NBCC Green View Apartments, a project launched in 2012 for Gurugram, but in spite of paying the entire sale price of over Rs 76 lakh in 2017, the unit was never handed over to him.

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