In landmark consumer ruling, home buyers win full ₹40 lakh refund and compensation after 16 years without a home (opens in new tab)

A consumer commission has ordered a housing society to refund ₹40 lakh each to two buyers who booked flats 16 years ago and never received possession. The developers must also pay ₹2.5 lakh compensation per buyer for the immense delay and mental anguish. This landmark ruling underscores the severe financial and emotional burden faced by homebuyers due to stalled real estate projects, reminding everyone of the importance of due diligence.