Now home buyer can ask for refund if possession is delayed beyond one year

The National Consumer Disputes Redressal Commission has held that buyers can seek refund if possession is delayed by one year beyond the date promised by the builder. After RERA and Insolvency and Bankruptcy Code, The Consumer Protection Act, 1986 comes to the rescue of the innocent buyers who were helpless and had no option but to wait for inordinate period to get possession of the flats.

from taxmann.com News http://bit.ly/2JLHeuY