Gurugram: In a significant ruling, the Real Estate Regulatory Authority (RERA), Gurugram, has directed NBCC (India) Limited to pay Rs 16.5 lakh as compensation for loss of property appreciation to an allottee, in addition to refunding the unit’s Basic Sale Price (BSP). The Authority also awarded ₹1 lakh for mental agony, Rs 2 lakh for shop interior losses, and Rs 50,000 towards litigation expenses.
The order, dated February 24, 2026, was passed by Adjudicating Officer Rajender Kumar in the matter of Nand Lal vs NBCC (India) Limited. The compensation amount is to be paid with interest at 10.85% per annum from the date of the order until full realization.
The complainant, Nand Lal, had booked a 166 sq. ft. commercial unit in 2018 at the NBCC Green View project in Sector 37, Gurugram, for a basic sale price of Rs 19,42,200, calculated at Rs 11,700 per sq. ft.
However, in 2020, NBCC appointed a structural consultant after the project was found to be uninhabitable. Occupants were advised to vacate the premises for safety reasons, and the company offered refunds subject to certain terms and conditions.
Dissatisfied with the offer, Nand Lal approached RERA seeking a refund based on prevailing market value rather than the original purchase price. The Authority had earlier ruled in his favour in 2024, directing refund of the amount paid.
In its latest order, RERA observed that similar commercial properties in the area had appreciated to nearly Rs 22,000 per sq. ft., reflecting an increase of approximately 85–88 percent. The Authority held that had the complainant invested the same amount in another comparable project, he would have gained around ₹16.5 lakh in appreciation. Accordingly, it granted compensation for the loss of potential appreciation.
The ruling reinforces RERA’s stance on protecting homebuyers’ financial interests and ensuring accountability of developers, including public sector undertakings, in cases of project failure and structural deficiencies.