Consumer panel orders Rs 33 cr refund, 12% interest to Mumbai flat buyers

Holding the developers of the World One project in 'Upper Worli' (Lower Parel) liable for unfair trade practice in promoting a project without the requisite statutory approvals and of deficiency in service for a four-year delay in offering possession, the National Consumer Disputes Redressal Commission (NCDRC) has ordered a refund of around Rs 33 crore for three flat buyer with 12% interest, with Rs 13 crore being the maximum payout.

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