Haryana RERA Directs Emaar India To Pay Interest To Homebuyer Of Emerald Hills Floors Project

The Haryana RERA directive in the case of Emaar India emphasizes that the builder must pay interest to the homebuyer for delays in the delivery of the Emerald Hills Floors project. The builder failed to meet the project completion timelines, and the RERA tribunal found that the delay caused significant hardship for the buyer. Consequently, the developer was ordered to compensate the buyer by paying interest on the delayed possession, ensuring the builder’s accountability under RERA regulations to safeguard consumer interests.