Failure To Provide Possession Within 12 Months, Karnataka RERA Orders Builder To Refund Amount Paid By Homebuyer

In a recent Karnataka RERA case, a homebuyer sought a refund from a builder for delayed possession beyond the stipulated 12-month period. The Karnataka RERA upheld the homebuyer's claim, ordering the builder to refund the amount with interest. The ruling highlights RERA's role in protecting consumer rights and ensuring timely project completion by developers. Such decisions set precedents for builder-buyer agreements and strengthen consumer protection laws.