May 13, 2016
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3:34Now PlayingNoida based developer Jaypee Group has been charged with a penalty of 12% per annum by the National Consumer Disputes Redressal Commission or NCDRC. This penalty has been imposed for delay in possession of homes in the company's project called Kalypso Court on the Noida-Greater Noida expressway. This penalty is a higher compensation for the buyers to help recover their losses and will also help give confidence to other buyers who are facing the same problem, lawyer, Sahil Sethi says. Even charging excess than what you've committed and trading in car parking is against the judgement, he added.
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