Builder kept homebuyer's money for 10 years, court orders to refund Rs 5.25 lakh
•A Hoshiarpur consumer commission has ordered a builder and housing society to refund Rs 5.25 lakh to a software engineer.
•The project, "Krisha Heights," promised completion within four years of a 2015 application, but remained on paper for over a decade.
•The commission slammed the delay as an unfair trade practice, stating builders cannot collect funds without approvals and use them as interest-free capital.
هذا الخبر من Times of India. خبر يقدم أدوات ذكاء اصطناعي للتلخيص والترجمة والاستماع.
A Hoshiarpur consumer commission has ordered a builder and housing society to refund Rs 5.25 lakh to a software engineer. The project, "Krisha Heights," promised completion within four years of a 2015 application, but remained on paper for over a decade. The commission slammed the delay as an unfair trade practice, stating builders cannot collect funds without approvals and use them as interest-free capital. The refund includes 7% annual interest.المصدر: Times of India | Source: Times of India
ملاحظة تحريرية | Editorial Note: نُشر هذا المقال في الأصل بواسطة Times of India. خبر (Khabr) هي منصة إعلامية أردنية مرخّصة تعمل بالذكاء الاصطناعي. نضيف قيمة تحريرية من خلال: تحليل ذكي للأخبار، ملخصات تلقائية، رواية صوتية بالذكاء الاصطناعي، ترجمة متعددة اللغات، وتدقيق الحقائق. هدفنا جعل الأخبار أكثر وضوحاً وسهولةً للقارئ العربي.
This article was originally published by Times of India. Khabr is a licensed Jordanian AI-powered news platform (Registration #82086). We add editorial value through: AI-powered news analysis, automated summaries, AI audio narration, multi-language translation (Arabic, English, French, Turkish), and AI fact-checking. Our mission is to make news more accessible and understandable for Arabic-speaking audiences worldwide.
