Authority Confirms Profiteering of Rs. 6.89 Crore in Flat Purchase; Orders Refund with Interest, No Penalty Imposed.

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....Profiteering - purchase of Flat - The Authority finds no reason to differ from the detailed computation of profiteered amount by the DGAP or the methodology adopted by it. The Authority determines that the Respondent has profiteered an amount of Rs. 6,89,62,698/- - Amount directed to be returned - Interest levied but no penalty - NAPA....