Palava City claims to be India's first integrated Greenfield smart city at the junction of Thane, Navi Mumbai and Kalyan. Over 25,000 homebuyers are facing ongoing delay in delivery of possession. The builder charges 18% interest from buyers, as per a clause in the builder-buyer agreement but there is no clause that suggests that even the builder has to pay at 18% interest on the total amount he has received from the buyer for the delay period as delay compensation.
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