In Brief
This case concerns incomplete real estate projects involving approximately 16,300 home buyers who had purchased flats in 74 projects. The Supreme Court directed the creation of a web portal to allow home buyers to choose between taking possession of their flats or receiving refunds of amounts paid. The portal, managed by an amicus curiae, was to be operational from 22 September 2017 and accessible via the Supreme Court's official website. Home buyers who had already received possession were excluded from this choice. The estimated refund requirement was ₹7,816 crores. The case was adjourned to October 23, 2017.
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