Sahara Grace was a project proposed to be developed in Gurgaon by SICCL in 2003 and all the apartments were to be delivered between April 2006 to March 2007. Sahara Grace was a project proposed to be developed in Gurgaon by SICCL in 2003 and all the apartments were to be delivered between April 2006 to March 2007. The Supreme Court on Monday directed Sahara India Commercial Corporation Limited (SICCL) to deposit Rs 3.5 crore to pay back investors who had bought flats in its Gurgaon project but did not receive possession on time. Senior advocate Vikas Singh, appearing for SICCL, said the construction of its Gurgaon project “Sahara Grace” was completed on time and the delay in award of possession of flats was only “procedural”. The NCDRC in its August 2015 had also directed SICCL to pay Rs 2 lakh to the flat buyers for the mental agony and harassment suffered by them.

Source: Indian Express September 05, 2016 12:56 UTC