3 days ago
NCDRC Orders 6% Interest Over Decades-Long Flat Possession Delay
Anita Basant Misra paid most of the cost of a Mumbai flat before she was supposed to receive it.
The flat was meant to be ready for her by the end of 1984.
But she did not receive possession until 2015.
She complained about the long wait.
The National Consumer Disputes Redressal Commission decided that the developer must pay her interest for the delay.
The interest is 6% each year on the Rs 4,52,000 she paid.
It is calculated from January 1985 until June 2015.
The National Consumer Disputes Redressal Commission ordered Om Sadan Private Limited to pay simple interest at 6% per year.
The interest applies to Rs 4,52,000, paid by Anita Basant Misra toward a Mumbai flat.
The commission calculated interest from January 1, 1985, through June 1, 2015.
Misra had booked the flat in 1984, and possession was due by December 31 that year.
She received possession in 2015, after a delay of more than 30 years.
- Who
- Homebuyer Anita Basant Misra and developer Om Sadan Private Limited.
- What
- The NCDRC ordered the developer to pay 6% simple annual interest on Rs 4,52,000 for delayed flat possession.
- Where
- A flat in Mumbai; the developer is described as being in Malabar Hill.
- When
- The flat was booked in 1984; possession was handed over June 1, 2015. The commission's order was passed the month before the report dated October 3, 2026.
- Why
- Possession was due by December 31, 1984, but was delivered more than 30 years later.
Complainant's position
Developer's position
Delayed possession
Complainant's position
Misra said possession was due by December 31, 1984, but was not handed over until 2015.
Developer's position
The article provides no response or position from the developer; the opposite parties had been proceeded against ex parte in June 2023.
Key facts
- Developer
- Om Sadan Private Limited
- Complainant
- Anita Basant Misra
- Flat consideration
- Rs 4,59,000
- Amount paid
- Rs 4,52,000, reportedly paid in 1983
- Interest ordered
- 6% simple interest per annum
- Interest period
- January 1, 1985, to June 1, 2015
- Possession deadline and delivery
- Due by December 31, 1984; handed over June 1, 2015
Sources
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