NRI homebuyer to get Rs 1.26 crore as refund and compensation from Godrej Properties against cancellation of flat booking

MahaRERA: A non-resident Indian (NRI) paid Rs 97 lakh to book a Godrej flat, however when Godrej cancelled the flat booking, entire money (Rs 97 lakh) was allegedly forfeited by Godrej. After a 6 year fight MahaRERA appelate tribunal ordered Godrej to pay Rs 97 lakh plus State Bank of India (SBI) highest MCLR interest rate plus 2% to the NRI. By calculation this comes to Rs 1. 26 crore.