HC rejects builder’s forced refund settlement
The Delhi High Court recently directed a builder to refund Rs 18 lakh to a couple of homebuyers, along with 6% annual interest, in a case involving the cancellation of their allotment. The dispute arose in February 2008 when the Maheshwaris expressed interest in purchasing villas from the builder's new project in Ghasola Badshahpur, Gurgaon, Haryana.
The couple made multiple payments totaling Rs 62 lakh before discovering the construction was slow and of low quality. The builder cancelled their allotment in March 2009, forfeiting Rs 62 lakh paid by the Maheshwaris. Despite trying to rectify the situation, the builder refused to change its decision, leading the Maheshwaris to seek legal action.
The builder then offered to allot a less desirable villa for Rs 2.11 crore, coercing the couple into signing a Full and Final Settlement offer for Rs 44 lakh, less than half of their lawful claim.
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