1. SC asks Parsvnath developers to hand over possession of flat to Rajyavardhan Singh Rathore in two days

SC asks Parsvnath developers to hand over possession of flat to Rajyavardhan Singh Rathore in two days

The Supreme Court on Friday asked real estate company Parsvnath developers to hand over possession of a flat in its Gurgaon project to Union Minister of State for Information and Broadcasting Rajyavardhan Singh Rathore within two days.

By: | New Delhi | Updated: October 21, 2016 2:46 PM
Rathore had booked a flat in one of Parsvnath's project in Furgaon in 2006. (PTI) Rathore had booked a flat in one of Parsvnath’s project in Gurgaon in 2006. (PTI)

The Supreme Court on Friday asked real estate company Parsvnath developers to hand over possession of a flat in its Gurgaon project to Union Minister of State for Information and Broadcasting Rajyavardhan Singh Rathore within two days.

The possession of flat shall be handed over to the respondent in two days, the bench comprising Justice Dipak Misra and Amitava Roy said and added that Rathore should not pay any more amount to the developer.

The minister had booked a flat in one of Parsvnath’sproject in the Haryana’s IT hub in 2006 and paid close to Rs 70 lakh for the same.

Parsvnath developers was supposed to deliver the flat in 2008-09. Earlier this year, the National Consumer Disputes Redressal Commission (NCDRC) had asked the builder to refund the principal amount with interest and compensation to Rathore.

Earlier, the top court took real-estate firms to task for making big claims to purchasers which could not be fulfilled because of delay in completing housing projects.

On Tuesday, the apex court had directed the SC registry to disburse Rs 12 crore, deposited by real estate firm Parsvnath Buildwell Pvt Ltd, to 70 home buyers on pro-rata basis after identifying them properly.

It had also directed the firm to deposit Rs 10 crore by December 10 with Supreme Court registry.

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