Builder Can Only Forfeit 10% of Basic Sale Price In Case Of Breach Of Contract: NCDRC

Ayushi Rani

30 Jun 2024 7:15 PM IST

  • Builder Can Only Forfeit 10% of Basic Sale Price In Case Of Breach Of Contract: NCDRC

    The National Consumer Disputes Redressal Commission, presided by Dr. Sadhna Shanker, held that the amount forfeited due to a breach of contract should be fair and justifiable. In the instant case, the commission ruled that the builder can only forfeit 10% of the deposited amount and has to refund the remaining balance to the buyer. Brief Facts of the Case The complainant booked...

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