25-April-2024
Subscribe   |   Unsubscribe   |   Forward to a Friend   |     
Corporate News
 
SC directs Unitech to pay 14% interest to Vistas home buyers
21-Feb-2017

The Supreme Court has directed realty developer Unitech to pay interest at the rate of 14 per cent per year on the investments made by 39 home buyers of its delayed Vistas project in Gurgaon. In an interim order on Monday, the court said the interest would be applicable from January 1, 2010, and will be in addition to the Rs 16.55 crore that the company was ordered to refund to the buyers.

News Source:- http://economictimes.indiatimes.com/wealth/personal-finance-news/sc-tells-unitech-to-pay-interest-to-flat-buyers/articleshow/57250379.cms