Eye Share: NAA decision in Lodha Developers put Builders in a spot

Oct 15,2019

Recently, adjudicating on a complaint filed by a flat owner of project ‘Lodha Eternis’ in Mumbai, the National Anti-Profiteering Authority (NAA) [TS-781-NAA-2019-NT] ordered Lodha Developers to refund the profiteered amount of Rs. 1.90 crore to 92 homebuyers of the project.Advocate Adithya Reddy critically evaluates the above ruling commenting that NAA has mechanically confirmed the DGAP report. Author asserts that, “Fundamental issues such as meaning of ...

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