Published on : 26 Sep 2025, 6:59 am 3 min read

The Supreme Court on Wednesday directed a real estate developer to refund the entire amount deposited by a homebuyer, along with 18% per annum interest, after failing to hand over possession of a plot for almost 12 years [Rajnesh Sharma v. M/s Business Park Town Planners Ltd].

A Bench of Justices Dipankar Datta and Augustine George Masih modified a 2023 order of the National Consumer Disputes Redressal Commission (NCDRC), which had restricted the refund to the principal amount with 9% interest.

The Court held that since the builder had charged the buyer 18% interest on delayed instalments, equity demanded that it face the same liability for its own default.

"Keeping in mind the overall conduct of the respondent: the delay cau

See Full Page