Builders are still cheating Buyers

Builders are still cheating Buyers explains Adv. R. P. Rathod.

Citing the landmark judgment recently delivered by a State Commission has ensured redress for a harassed Matunga couple. The Maharashtra State Consumer Disputes Redressal Commission directed Khar-based Monish Builders to pay Aarti and Vikas Modi Rs 7.86 lakh as damages and hand over possession of the Chunabhatti flat they had bought in 2006 says Adv. R. P. Rathod.

He further explains that the Consumer forum, while delivering the judgment, said that "When the purchasers complain, the builders show them provisions of the Maharashtra Ownership of Flats Act, 1963 and willingness to give full refund with interest at 9% from the date they received the money so that after using the flat buyer's money liberally for years, the builder can later sell the flat at much higher rate and pocket huge profit thereafter."

 The Modis booked a 580 sq. ft flat in Mohan Mansion, Chunabhatti, for Rs 22.4 lakh. Over a period of time, the Modis paid the builder Rs 20.18 lakh. They were promised the possession of their flat before June 2007, but when the builder failed to deliver, Modis were forced to rent an apartment for five years.

The State Commission found the builders guilty of ‘Deficiency in Service’. In 2006, the Modis invested their life savings in a flat, and can't afford to buy one at the present rate, said the commission.

-      Adv. R. P. Rathod.