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The National Consumer Disputes Redressal Commission (NCDRC) has asked real estate giant Unitech Limited to refund over Rs 18 crore to members of a home buyers' union for failing to hand over the possession of apartments.
The apex consumer commission has asked the company to refund within six weeks the amount of Rs 18,84,19,025 deposited by the members of the Unihome-3 Buyers Union along with 10 per cent interest from the date of deposit till the money is returned.
The association comprised of 33 individuals who had purchased their flats from Unitech in the project called Unihomes 3 in Noida, Uttar Pradesh.
"Refund the entire deposited amount paid by the members of the complainant within six weeks from today along with simple interest of 10 per cent per annum from the date of payment of respective amount till the realisation of the amount," said the commission.