Delay In Handing Over Possession, Karnataka RERA Directs Ozone Infra Developers To Pay Interest And Hand Over Possession To Homebuyer

In a recent Karnataka RERA case, a homebuyer filed a complaint against Ozone Infra Developers for delayed possession of a property. The Karnataka RERA ordered the developer to pay interest on the amount paid by the homebuyer from the due date of possession until actual possession is given. The order emphasized consumer protection and upheld the homebuyer's rights under RERA, ensuring compensation for the delay caused by the developer. This decision highlights the effectiveness of RERA in safeguarding consumer interests and enforcing timely possession of properties by developers.