In an interesting order, the Supreme Court granted relief to homebuyers by enhancing interest from 9% to 18% for the delayed handover of a plot possession, observing that a builder who imposes 18% interest on buyers for delayed payments cannot evade the same liability when failing to deliver possession on time to the consumer.

“there is no principle of law that interest in default charged by the builder can never be granted to the buyer.” , the court said.

The Court observed that while the interest rate charged by a builder on delayed payments from a homebuyer cannot automatically serve as the benchmark for compensating delays in handing over possession, principles of equity and fairness may justify applying the same standard to the builder.

In this case, the Appellant had booked a plo

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