‘Interest Charged By Builder Can Be Granted To Buyer’ : Supreme Court Enhances Interest Payable On Delayed Handover Of Plot
In a significant ruling, the Supreme Court granted relief to homebuyers by raising the interest rate from 9% to 18% for the delayed handover of plot possession. The court observed that a builder who imposes 18% interest on buyers for late payments cannot avoid the same responsibility when failing to deliver possession on time to …









