In Brief
The Visakhapatnam Metropolitan Region Development Authority (VMRDA) had granted a flat to a consumer and later demanded escalated costs upon terminating the contractor's agreement. The National Consumer Disputes Redressal Commission ruled the Authority must hand over the flat at the originally stipulated price. The Supreme Court upheld this decision, holding that since the Authority had fairly granted all allottees interest on their deposits, it could not unilaterally impose escalation charges. The Court allowed the appeal, setting aside the impugned judgment, affirming the consumer's right to the property at the contracted price.",
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