6/29/2016: FRONT PAGE: Builders may have to pay 11% interest on delayed projects

Posted on 29 June 2016. Tags: 6/29/2016, builders, delayed, Front, interest, PAGE, projects

New Delhi: Developers may have to pay as much as 11.2% interest to buyers for delay in handing over apartments and homes, according to draft rules unveiled by the government, a step seen as bringing relief to homebuyers reeling under the impact of…
The Times of India (New Delhi edition)