Paid Rs 2.06 crore, got no flat; Bombay HC rejects builder’s delay argument, orders interest

Two homebuyers filed a case against the builder. The dispute concerned an apartment for which they had signed the sale agreement in 2014, with possession due by June 30, 2017. The flat’s consideration was Rs 1.95 crore. By the time of the complaint, the buyers had paid Rs 2.06 crore, including the consideration paid to the promoter, stamp duty, registration charges and applicable taxes.