Categories: Top Stories

Builder kept homebuyer’s money for 10 years, court orders to refund Rs 5.25 lakh

A Hoshiarpur consumer commission has ordered a builder and housing society to refund Rs 5.25 lakh to a software engineer. The project, “Krisha Heights,” promised completion within four years of a 2015 application, but remained on paper for over a decade. The commission slammed the delay as an unfair trade practice, stating builders cannot collect funds without approvals and use them as interest-free capital. The refund includes 7% annual interest.

The News Vista

Share
Published by
The News Vista

Recent Posts

Indian Army’s tech leap: 6G, quantum, AI cloud and 300 capability projects in the works

The Indian Army is significantly modernizing its forces through advanced technology adoption. It is integrating…

2 hours ago

Rs 10, Rs 20 polymer notes get field-trial nod: What will change from paper currency?

India is preparing to roll out polymer banknotes for initial trials shortly. The Reserve Bank…

2 hours ago

India’s oil imports from Russia hit new record; refineries big exporters to countries sanctioning Moscow

The US sanctions waiver on Russian crude has expired and a fresh tariff threat of…

2 hours ago

Lords Mark Industries Becomes Indias First and Only Company to Receive License for Gut Microbiome Analytics Platform – TheWire.in

Lords Mark Industries Becomes Indias First and Only Company to Receive License for Gut Microbiome…

2 hours ago

Greenply Launches Termivax, Indias First Anti-Termite Vaccinated Technology in Plywood – TheWire.in

Greenply Launches Termivax, Indias First Anti-Termite Vaccinated Technology in Plywood  TheWire.in

2 hours ago