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Hyderabad News.Court Orders Maytas Hill County to Pay 5L Compensation and Full refund to Cancelled Flat Owner

Hyderabad News. TOI 12.05.2010


(Excl Ventures News.)

Wondering how a real estate company like Maytas Properties can start a major housing venture like Maytas Hill County at Bachupalli of Ranga Reddy district even without informing its customers about the basic facts like number of approved floors, the A P State Consumer Disputes Redressal Commission has directed the company to pay Rs 5 lakh as compensation to an aggrieved customer apart from refunding the amount of Rs 63 lakh he paid so far with 12 per cent interest for the last two years.


The state forum,comprising its president Justice D Appa Rao and member M Shreesha,made this order while allowing a petition filed by a Non-Resident Indian Srinivas Mopuri,who dragged Maytas Properties to court charging it with misleading the customers and nonfulfilment of its contractual obligations.


According to the complaint,Srinivas entered into an agreement with Maytas for purchasing a Rs 74 lakh worth flat on the eighth floor of the Maytas Hill County on February 16,2007.The construction has to be completed within two years from then and that did not happen.The petitioner,who paid Rs 64 lakh in instalments and saw nothing happening on the construction front,cancelled the agreement in March 2009 and sought refund of his money.The company did not respond to this.





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The state commission which studied the case found out glaring irregularities committed by Maytas in this case. It did not inform the customers about the fact that it did not possess construction permission for all the floors. It started construction only up to the sixth floor and the flat promised to the customer is on eighth floor.Moreover, Maytas promised 13 floors and attracted customers even without possessing permissions for all the floors.


As if this is not enough,the company came out with an explanation that it can construct the remaining floors only after getting clearance from the A P high court where their matter is pending. The commission studied the said pending petition in the high court and concluded that the cited case has got nothing to do with Maytas.  Nowhere,in its colourful brochures the company revealed these details,the commission said.  Holding that it is a clear case of deficiency of service,the commission has also directed the company to pay Rs 5000 to the customer towards the cost of this litigation.




Comment :

This is a great victory for real estate buyers.  The verdict shows that buyers who are facing project delay w r to that agreed in Sale Agreement,  can cancel and get refund with damages.  Recent Supreme court order states that if builder fails to refund within stipulated time, he will have  to refund with 20% interest.

Keyword TagsHyderabad News,Maytas Hill County, Hill County, Hill County Legal, Consumer Court, Maytas Bachupalli, Maytas
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