Delay Of 4 Years In Offering Possession, Punjab RERA Orders Builder To Pay Compensation To Homebuyer For Mental Agony

In a recent ruling, the Punjab RERA directed a builder to compensate a homebuyer for a 4-year delay in possession, citing significant mental agony. The builder failed to deliver the property on time, and despite multiple assurances, the delay continued. The tribunal emphasized the psychological distress caused by the prolonged wait and ordered compensation as a remedy for the consumer’s inconvenience. This case highlights the importance of timely possession and the role of regulatory bodies in safeguarding consumer rights against delayed real estate transactions.