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National News

The Times of India

National / The Times of India

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Mumbai builder ordered to refund flat booking amount with 9% interest

The Mumbai Suburban Commission has determined that a builder is obligated to refund a buyer's deposit, as the builder failed to provide adequate justification for withholding it. The buyer's request followed a denied home loan from banks. Despite the builder citing a non-refundable policy, the Commission found no compelling evidence to support forfeiture.

15 Nov 2026 2:49 pm