SC to Unitech:Refund flat buyers for incomplete Gurugram project

In fresh setback for Unitech, the Apex Court has directed the company to refund flat buyers for the unfinished project in Gurugram (earlier known as Gurgaon), reports CNBC-TV18.

Sources say the company has been directed to return Rs 15 crore to flat buyers including direct refunds of Rs 5 crore within 2 weeks and balance by end of September.

The National Consumer Disputes Redressal Commission (NCDRC) had allowed compensation to 38 flat buyers earlier against which Unitech had moved the Supreme Court.

SC is believed to have said it is unfortunate and pained to see such treatment of flat buyers by builders