In Brief
DLF Homes Panchkula failed to deliver apartments in its DLF Valley project within the promised 24 months, leading to consumer complaints. Some buyers sought refunds with interest; others demanded possession. The State Commission awarded 15% interest and compensation; the National Commission reduced it to 9%. The Supreme Court aligned this case with the Himanshu Arora decision, ordering: (1) interest at 9% per annum on refunded amounts from deposit till refund date; (2) for possession cases, compensation @ 9% calculated only after 3 years from the agreement (the permitted development period); (3) amounts previously paid under the agreement to be credited. The court also directed distribution of a deceased allottee's refund among heirs pending formal entitlement determination.</summary_100> </invoke>
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