Haven't got possession of flat? Claim refund if project delayed beyond a yr

In case of non-delivery of projects within the prescribed deadline, the builder will refund the entire amount with 10% interest

The National Consumer Disputes Redressal Commission (NCDRC) has come to the aid of homebuyers who struggle to get possession of their flats for years. The apex consumer commission has determined a time period of one year for stalled realty projects beyond which homebuyers can claim refund from builders.
 

NCDRC has mandated real estate builders to refund the homebuyers for failing to hand over the possession of an apartment in case of a delay.

According to a report in the Times of India, NCDRC said in an order that, "It is now established that allottees have the right to ask for