M/S LANCO HILLS TECHNOLOGY PARK PVT LTD. vs MANISHA BALKRISHNA KULKARNI

The Supreme Court upheld the National Consumer Disputes Redressal Commission's order directing the appellant to pay compensation for delayed possession under the Consumer Protection Act, 1986. The Court noted that despite the execution of the sale deed on 11 February 2013, the respondents did not receive physical possession until 28 August 2014, leading to a claim for damages. The Court affirmed the NCDRC's compensation rate of Rs 5 per sq ft for the first six months of delay and 18% per annum thereafter, emphasizing the importance of timely possession in real estate transactions.