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Apex court had earlier directed Unitech to pay home buyers the principal amount invested by them in its property along with a 14 per cent interest

The Supreme Court Bench comprising Chief Justice Dipak Misra and Justices AM Khanwilkar and DY Chandrachud, on Wednesday, awarded Rs. 80,000 as relief to each of 39 home buyers who had invested in flats being constructed by the Unitech group in Gurugram.

The amount has to be paid by the real estate major within 4 weeks to buyers who have succeeded before National Consumer Disputes Redressal Commission (NCDRC) in getting their investment amount with interest.

While the buyers had moved NCDRC in 2014 as there was delay in delivery of flats in Unitech’s Gurugram housing project, the real estate group had moved the top court challenging the Commission’s order and seeking leniency.

According to the Supreme Court’s subsequent order, homebuyers have already been paid the principal amount with an interest of 14 per cent. These homebuyers were supposed to get possession of their flats by 2012. They had sought compensation of Rs 1 lakh each towards litigation costs after there was a delay by Unitech in handing over the possession of their flats.

A total of Rs 16.55 crore has been invested by these 39 homebuyers in Unitech’s project in Gurugram. In August, Unitech Managing Director Sanjay Chandra had clarified before the court that 62 out of 152 buyers who had approached the police against Unitech had already been paid the compensation amount.

The apex court, in April, had also warned that failure to meet the deadline could invite attaching of Unitech’s property.

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