Interest on Refund to Homebuyer Doubled After Builder Delayed Plot Handover by 12 Years: Supreme Court of India

The Supreme Court of India has delivered a significant judgment under the Consumer Protection Act, 1986, bringing long-awaited relief to a homebuyer who was denied possession of a plot for almost 12 years. The case involved Rajnesh Sharma, who had booked a residential plot in 2006 from M/s Business Park Town Planners Ltd, but despite depositing large amounts over the years, the possession was not handed over until 2018 –…