Supreme Court asks DLF to hand over flats by November

NEW DELHI: Supreme Court today asked DLF to hand over flats to around 50 buyers, who booked them in its housing project at Panchkula in Haryana, by November-end. A bench of Justices Dipak Misra and C Nagappan modified the order passed by apex consumer commission, which had asked DLF to pay 12% interest to buyers for delay in handing over the flats in DLF Valley and reduced rate of interest to 9%.

“We will say they (DLF) would hand over flats by November end. Interest will be slashed from 12% to 9%,” the bench said. Senior advocates Kapil Sibal and A M Singhvi, who appeared for DLF, told the bench that occupancy was not an issue as the process of giving the remaining 153 flats, out of the total of 1473 units, was going on. “1,473 flats are there. The flats have been handed over to the buyers and the process to hand over the remaining 153 flats was in progress. The grievance is only on the interest,” Sibal told the bench.