Failure To Hand Over In Time, MahaRERA Directs Goel Ganga To Refund Amount To Homebuyer

In a Maharashtra RERA case, the adjudicating authority ordered Goel Ganga Developers to refund the possession amount with interest to a homebuyer due to delayed possession of a flat. The developer was directed to pay interest at 10.4% per annum from the date of payment to the date of refund. The ruling emphasized consumer protection under RERA, ensuring homebuyers' rights against delays in possession and refund delays. This decision underscores the significance of timely possession and adherence to RERA regulations in real estate transactions.