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2022 Supreme(Del) 2025

C. HARI SHANKAR
Aarcity Builders Pvt. Ltd. – Appellant
Versus
Subhash Sharma – Respondent


JUDGMENT (Oral)

1. The petitioner, which is engaged in the business of development and construction of multistoreyed residential and commercial buildings, launched a project under the name "Aarcity Regency Park" in Sectors 9 and 11, Hisar, Haryana in 2012. Anandita Sharma and Anuradha Sharma, the daughters-in-law of Respondent 1 booked a 3 BHK flat admeasuring 1625 sq. ft. in the aforesaid Aarcity Regency Park project of the petitioner in 2012. They were allotted Flat No. D 0804, Tower D at the 8th Floor of the project construction. The basic costs of the flat was Rs. 48,10,625/-. A Flat Buyer Agreement was executed between the petitioner and the daughters-in-law of Respondent 1 on 5th November 2012.

2. Subsequently, with the permission of the petitioner, the aforesaid flat was transferred by the daughters-in-law of Respondent 1 to Respondent 1 on 22nd March 2013. Respondent 1 opted for payment under the "Construction Linked Plan". The daughters-in-law of Respondent 1 had, prior to doing so, deposited a total amount of Rs. 21 lakhs towards the price chargeable in respect of the aforesaid flat.

3. Alleging that the construction on the project had come to a halt in February 2014,

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