Builder to pay Rs 1.22 crore to property owners

What happened: A Consumer Commission ruled in favor of landowners Sejal Pravin Shah and Monal H Mehta against a builder over a Matunga, Mumbai redevelopment, ordering the builder to register the PAA agreement and pay multiple dues. Key numbers: Rs 1.22 crore total relief; Rs 88 lakh enhanced FSI compensation with 8% interest; Rs 6,60,000 rent arrears; Why it matters: The Commission called the builder's demand notices claiming Rs 30,26,592 an unfair trade practice and held that surrender of development rights was consideration for housing services. The builder did not appear despite notice.

A Consumer Commission ruled in favor of landowners Sejal Pravin Shah and Monal H Mehta against a builder over a Matunga, Mumbai redevelopment, ordering the builder to register the PAA agreement and pay multiple dues.

The Commission called the builder's demand notices claiming Rs 30,26,592 an unfair trade practice and held that surrender of development rights was consideration for housing services. The builder did not appear despite notice.