In Brief
DLF Homes Panchkula failed to deliver promised apartments within 24 months. Buyers sought refunds with interest or delayed possession compensation. The State and National Consumer Commissions ordered refunds at varying interest rates. The Supreme Court, relying on principles established in Himanshu Arora's case, disposed of these consolidated appeals by standardizing interest at 9% per annum. For refund cases, interest runs from deposit date to refund; for possession cases, from three years after the agreement (the developer's full contractual period). The Court directed payment within six weeks and addressed specific cases, including succession issues following an allottee's death and a transfer case pending regular court resolution.
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