ORDER

Mr. V.B. Gupta, (P.M) - Petitioner/Opposite Party being aggrieved by impugned order dated 5.10.2006 passed by State Consumer Disputes Redressal Commission, UP, Lucknow (for short, 'State Commission') has preferred this revision petition.

2. Respondent/Complainant was allotted Flat No. 304 in "Sarsaswati Type" for Rs. 3,92,920/- by the Petitioner/Opposite party in its Residential Complex " Prayag Kunj, Allahabad". Agreement dated 05.10.1989 to this effect was executed between the parties. As per the agreement, petitioner was to complete the construction and hand over possession of the flat to the respondent by 3.5.1992 or at the latest by August, 1992, from the date of commencement of development of the complex. It is stated by the respondent, that petitioner has neither completed the construction of the residential complex nor handed over possession of the flat to him by May, 1992. Respondent has also paid entire amount of the flat by 1.1.1992. It is further stated, that petitioner has been demanding escalation of the construction cost. Thus, alleging deficiency on the part of the petitioner, respondent filed a consumer complaint before District Consumer Disputes Redressal For