R Santhanam from Chennai, who had entered into a property deal with Fairdeal Construction, and subsequently found that the realtor did not honour the terms of agreement, has won relief from the National Consumer Disputes Redressal Commission (NCDRC).

Sathanam said he had signed a sale-cum-construction agreement involving 5,650sqft of land, and four floors with two flats each, and had paid Fairdeal Construction Rs. 93.52 lakh as advance.

The understanding was that if clearance was not obtained for the project within four months, Santhanam could cancel the purchase and N Ravindran, who represented Fairdeal Construction, would return the advance paid, with 12% interest.
Even after five months, the realtor failed to get approval for the project, and did not begin construction. Nor did he return the money he had received as advance to Santhanam.

Santhanam moved the NCDRC seeking a refund along with compensation for causing him mental agony.

An NCDRC Bench, which examined all the documents, ruled in Santhanam’s favour and directed Fairdeal Construction to refund the advance amount with 12% interest, as well as pay Santhanam Rs10,000 as case costs.

Source: http://epaperbeta.timesofindia.com


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