In Brief
Developers M/s Lanco Hills Technology Park sold an apartment to Manisha Balkrishna Kulkarni with possession due by 28 June 2011 (including a three-month grace period). A court injunction regarding disputed land delayed delivery until May 2012 (a force majeure event). After the injunction lifted, the developer was liable to pay Rs 5 per sq ft for six-month delays (contractually capped) and reasonable compensation for further delays. Although the sale deed claimed possession was handed over upon execution (11 February 2013), keys were actually delivered on 28 August 2014. The Supreme Court partly allowed the appeal, ordering compensation of Rs 5 per sq ft for the contractual period (8 August 2012 to 8 February 2013) and a lump sum of Rs 10 lakhs for the subsequent delay, rejecting the lower court's excessive 18% interest rate."
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