Developers Must Pay 12% Simple Interest for Delayed Flat Possession to Compensate Buyers for Inconvenience and Financial Burden.

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....Delay in possession of flats - if the developer, pays simple interest @ 12% per annum to the buyer, that would not only take care of the additional financial burden on them but also give some monetary compensation to them for their sufferings on account of the delay in handing over possession of the flat purchased by them. - CCI....