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Mumbai developers ordered to refund Rs 1.95 crore after decade-long homebuying battle

A bench comprising presiding member Poonam Maharshi and member Nisha Amol Chavhan observed that developers cannot retain homebuyers' hard-earned money while failing to deliver flats within a reasonable timeframe

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The commission observed that retaining the buyers' money without handing over possession amounted to a continuing wrong. Representational Pic/File/iStock

The commission observed that retaining the buyers' money without handing over possession amounted to a continuing wrong. Representational Pic/File/iStock

The Maharashtra Consumer Commission has directed a Mumbai-based real estate firm to refund Rs 1.95 crore to two homebuyers from Jamshedpur after finding deficiency in service and unfair trade practices over a delayed housing project in Mumbai, reported the PTI.

The commission also ordered the developers to jointly and severally pay Rs 1.5 lakh towards compensation and litigation costs.

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