Delay In Handing Over Possession, Karnataka RERA Directs GVR Construction To Refund

The Karnataka RERA ordered GVR Construction to refund a homebuyer due to delays in handing over possession. The homebuyer had been promised possession within a specific timeframe, but the project was not completed on time, forcing the buyer to seek a refund. The tribunal ruled that the delay was unjustifiable and ordered the construction company to refund the buyer's payments along with interest. This decision emphasizes the accountability of developers to meet contractual obligations and timelines, offering legal recourse to homebuyers facing unreasonable delays.