9-Year Delay In Handing Over Possession, Haryana RERA Orders Builder To Pay Interest To Homebuyer

In a significant ruling, Haryana RERA ordered a builder to compensate a homebuyer for a nine-year delay in possession with interest. The case highlights consumer protection under RERA, emphasizing timely possession and builder accountability. The authority mandated the builder to pay 9% interest on the principal amount for the delayed period, marking a crucial decision in real estate disputes. This sets a precedent for addressing delays and upholding buyer rights in property transactions.