Mumbai man books Panvel flat for Rs 50 lakh in 2015, waits nearly 10 years for possession; consumer commission orders developer to refund Rs 86 lakh with 9% interest

A district consumer commission ruled in favor of a homebuyer over a delayed flat possession issue. The firm was instructed to refund Rs 86.37 lakh including interest after failing to fulfill their agreement. Despite the buyer’s claims for additional interests and amenities, the commission rejected those further claims based on Supreme Court precedent. The developer failed to provide a satisfactory explanation for the delays experienced.

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