DLF Home Developers’ project allottees get Kerala HC support
Real Estate

DLF Home Developers’ project allottees get Kerala HC support

The Kerala High Court dismissed six of the appeals filed by the Delhi Land and Finance (DLF) over arbitration awards to returning money paid by six flat allottees with interest as flats, as promised, were allegedly not handed over. The prices of the apartments ranged from Rs 80 lakh to Rs 2.18 crore.

A division bench comprising justices CT Ravikumar and K Haripal considered appeals filed by DLF Home Developers over the awards favouring allottees of the DLF Riverside project in Kochi at Chilavanoor.

The five flats were promised to be handed over in the year 2010, while one was to be delivered in 2011. The arbitrary claims got filed in 2015. An additional district judge later upheld awards passed by the arbitrator, and the DLF challenged these decisions before the High Court in the appeals.

The claimants booked the flats for the total prices of Rs 1.32 crore, including two car parking spaces; Rs 80.19 lakh; Rs 2.19 crore, including two car parking spaces; Rs 1.48 crore; Rs 2.18 crore, including two car parking spaces; and Rs 1.65 crore.

The arbitrator had given an award of Rs 2.32 crore for the flat of Rs 1.32 crore. An award of Rs 2.6 crore was ordered for the flat of Rs 1.48 crore. The flat of Rs 80.19 lakh got an award of Rs 1.35 crore, whereas the flat worth Rs 2.18 crore secured an award of Rs 3.82 crore. For the flat of Rs 1.65 crore, the award was Rs 2.87 crore, while For the flat of Rs 2.19 crore, the award was Rs 3.45 crore.

The division bench told the media that it does not find any reason to hold that the awards are infected with patent illegality as alleged. The court said that there is no illegality at all in the awards. The High Court said that the arbitrator did not award any compensation and ordered only a refund of the principal amount with interest.

Image Source


Also read: RBI bars DHFL from taking deposits under Piramal management

Also read: 25 Housing projects in Mumbai halted over BMC, realtor dispute

The Kerala High Court dismissed six of the appeals filed by the Delhi Land and Finance (DLF) over arbitration awards to returning money paid by six flat allottees with interest as flats, as promised, were allegedly not handed over. The prices of the apartments ranged from Rs 80 lakh to Rs 2.18 crore. A division bench comprising justices CT Ravikumar and K Haripal considered appeals filed by DLF Home Developers over the awards favouring allottees of the DLF Riverside project in Kochi at Chilavanoor. The five flats were promised to be handed over in the year 2010, while one was to be delivered in 2011. The arbitrary claims got filed in 2015. An additional district judge later upheld awards passed by the arbitrator, and the DLF challenged these decisions before the High Court in the appeals. The claimants booked the flats for the total prices of Rs 1.32 crore, including two car parking spaces; Rs 80.19 lakh; Rs 2.19 crore, including two car parking spaces; Rs 1.48 crore; Rs 2.18 crore, including two car parking spaces; and Rs 1.65 crore. The arbitrator had given an award of Rs 2.32 crore for the flat of Rs 1.32 crore. An award of Rs 2.6 crore was ordered for the flat of Rs 1.48 crore. The flat of Rs 80.19 lakh got an award of Rs 1.35 crore, whereas the flat worth Rs 2.18 crore secured an award of Rs 3.82 crore. For the flat of Rs 1.65 crore, the award was Rs 2.87 crore, while For the flat of Rs 2.19 crore, the award was Rs 3.45 crore. The division bench told the media that it does not find any reason to hold that the awards are infected with patent illegality as alleged. The court said that there is no illegality at all in the awards. The High Court said that the arbitrator did not award any compensation and ordered only a refund of the principal amount with interest. Image Source Also read: RBI bars DHFL from taking deposits under Piramal management Also read: 25 Housing projects in Mumbai halted over BMC, realtor dispute

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code