SC Upholds NCDRC Order for Timely Possession in Parsvnath Developers vs Mohit Khirbat
SC Upholds NCDRC Order for Timely Possession in Parsvnath Developers vs Mohit Khirbat (2026) held that The court reaffirmed that developers must adhere to timelines for delivering possession as stipulated in buyer agreements.
Summary
Parsvnath Developers Ltd faced three appeals regarding delays in delivering possession of residential flats to the respondents, who had booked apartments in the Parsvnath Exotica project. The National Consumer Disputes Redressal Commission (NCDRC) had ordered the developer to complete construction and pay compensation for delays, which the developer contested, citing contractual terms and external factors. The Supreme Court upheld the NCDRC's decision, emphasizing the developer's obligation to deliver possession in a timely manner and to compensate the buyers for delays.
