Spark Realty ordered to refund buyers' money with interest
The additional district consumer court here has directed the proprietor of a realty firm to refund amounts in the range of Rs6.70 lakh to Rs12.47 lakh with 18% per annum interest to four home buyers in a stalled housing project at Dongargaon in Haveli taluka. In a recent order, the bench of the court president JV Deshmukh and members Shubhangi Dunakhe and Anil Jawalekar also directed Sumit Kumar Bhalotia, proprietor of Spark Realty, to pay Rs55,000 each to the four complainants towards compensation and legal costs. The court has given the proprietor a month from the date of receipt of the order to comply with the same, failing which an interest at 21% per annum will apply.
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