Corporative Hosuing, Contractual Property Price Is Binding In Nature, But Liable For Defects And Delay : NCDRC

The National Consumer Disputes Redressal Commission, presided by Mr. Subhash Chandra and Dr. Sadhna Shanker, held that consumer forums cannot arbitrate on pricing disputes since contractual property prices are binding in nature. Brief Facts of the Case In 2008, the Punjab State Federation Cooperative Society launched a housing scheme, and the complainant applied for a super deluxe flat, paying Rs. Observations by the National Commission The National Commission observed that the cooperative society had stipulated in Clause 8 of the allotment letter that the final cost of the flat would be determined after completion but before possession, amounting to Rs. The commission modified the State Commission's order and directed the cooperative society to compensate the complainant with 6% interest on Rs.