IMPORTANT POINT
Builder is bound to complete construction within stipulated time schedule.

V.K. Jain, Presiding Member—The complainants in these matters booked one villa each with the opposite party in a project namely Espace Premier, Unitech Nirvana Country-2, Gurgaon. The possession was to be delivered within two years from the date of execution of the Buyers Agreement between the parties. Some of the complainants opted for subvention scheme under which a tripartite agreement was executed between the complainant, the opposite party and ICICI Bank and pursuant to the said agreement, about 95% of the sale consideration was received by the opposite party. The interest for the finance extended by the bank was to be borne by the opposite party for first 18 months and by the concerned buyer thereafter. The remaining complainants opted for construction linked payment plan and have paid varying amounts to the opposite party. The following are the dates of the Buyers Agreements, the sale consideration agreed between the parties, the amount paid to the opposite party and the date by which the possession was to be offered to those buyers:

Sl. No.	Names	Date of Buyer’s Agreement	Date of Proposed Possession	Amount  Payable (in Rs.)	Amount Paid (in Rs.)
1.	Captain Gurtaj Singh Sahni & Ms. Ritoo Sahni (CC No. 603/2014) (Subvention)	08.06.2011	08.06.2013	2,65,54,354	2,60,43,892
2.	M/s. Vibha Batra  (CC No. 958/2015)	12.05.2011	12.05.2013	4,29,75,072	2,41,00,905
3.	Mr. Gaurav Sundaram & Ms. N.T. Sundaram (CC No. 959/2015)	10.05.2011	10.05.2013	2,59,20,104	1,64,94,342
4.	Mr. Sachin Garg & Ms. Parul Garg (CC No. 960/2015)	02.07.2011	02.07.2013	2,53,19,026	1,85,11,465
5.	Mr. Ramkumar Sundaram & Ms. Anuja Gulati (CC No. 961/2015)	15.03.2011	15.03.2013	2,60,90,104	1,37,14,841
6.	Mr. Jaideep Sen & Ms. Ishita Sen (CC No. 962/2015)	22.02.2012	22.02.2014	3,73,70,870	1,60,25,896
7.	Mr. Sanjay Yadav  (CC No. 963/2015)	30.06.2012	30.06.2014	3,01,58,311	2,03,45,551
8.	Mr. Siddhartha  Das & Mr. Manas Das (CC No. 964/2015)	12.12.2011	12.12.2013	4,26,42,752	1,25,70,567
9.	Mr. Bimal Kumar  Lakhotia & Ms. Smriti Lakhotia(CC No. 965/2015)	25.02.2012	25.02.2014	2,98,45,811	2,23,14,587
10.	Mr. Rohit  Kumrah & Ms. Ritu Kumrah (CC No. 966/2015)	28.07.2011	28.07.2013	2,61,77,061	1,92,35,845
11.	Mr. Pramod Bisht & Ms. Ekta Bisht (CC No. 1000/2015)	18.03.2011	18.03.2013	2,59,70,104	1,37,72,496
12.	Mr. Deepak Kaul  & Ms. Bidya Kaul (CC No. 1007/2015)	12.05.2011	12.05.2013	3,82,16,172	76,93,660
13.	Ms. Ruma Bose (CC No. 1008/2015) (Subvention)	22.09.2012	22.09.2014	3,05,70,811	3,01,88,243
14.	Mr. Harvinder Singh Virk & Ms. Reema Virk (CC No. 1009/2015)	30.04.2012	30.04.2014	4,70,16,557	2,27,44,035
15.	Mr. Gaurav Manoher Negi 03.10.2012 (CC No. 1010/2015)	30.04.2011	30.04.2013	3,20,62,152	1,84,66,155
16.	Mr. Prashant Bindal (CC No. 1011/2015)	03.10.2012	03.10.2014	2,98,45,811	1,71,21,514
17.	Mr. Maneesh Jaikrishna & Ms. Pooja Jaikrishna (CC No. 1408/2015) (Advance Payments)	17.03.2011	17.03.2013	2,54,91,604	1,77,83,319
18.	Dr. Siddhartha Chaudry (CC No. 1409/2015)	25.07.2011	25.07.2013	2,57,07,604	1,36,07,422

It would thus be seen that the earliest villa was to be delivered by 15.03.2013, whereas the last villa was to be delivered by 03.10.2014. However, the construction of the said villas is far from complete. Being aggrieved, the complainants are before this Commission seeking direction to the opposite party to complete the construction and pay them compensation in the form of interest @ 12% per annum on the amount which they have paid to the opposite party. They are also seeking direction to the opposite party to bear the burden of increase in t