Dharwad consumer panel orders builder to refund 83 plot buyers with 10% interest

The Dharwad District Consumer Grievances Redressal Commission ordered real estate developer Kaushalya Kamtar to refund ₹5 lakh each to 83 plot buyers, plus 10% interest, for failing to develop promised residential plots. The commission found Kamtar guilty of unfair trade practices after the buyers, mostly low-income earners, received no plots despite payments made over two to three years. Kamtar must complete the refunds and pay compensation within one month, as mandated by the ruling.

Read the source (ET Realty Regulatory)

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