8 Lakhs to be paid by realty firm for its unfair trade practices
One of the real estate firms at Delhi has been ordered by a consumer forum to pay around Rupees 8 lakh for unfair practices of trade, that too to a senior citizen since they have been accused of taking the amount for the booking but not providing with the flat at all.
The forum has stated that the promoter had collected the money from different consumers when on the other hand the project had neither been sanctioned by any competent authority nor any activity of construction had been noticed until the complaint had been launched.
There was more that the forum had to mention. They said that any kind of statement or evidence will not explain the correspondence of the complaint. This does not also explain the failure to allot the plot finally at the site itself.
It was clearly an unfair practice since it depicts such malafide intentions. C K Chaturvedi had also said that the opposite party will be held guilty since there is an unfair trade practice. Money was grabbed certainly and there was no construction seen at the site itself.
Source – PTI, New Delhi
8 Lakhs to be paid by realty firm for its unfair, Delhi-based real estate firm, Realty firm told to pay over Rs 8L, Rs 8 lakh to a senior citizen, unfair trade practice
