Haryana RERA Directs Ocean Seven Buildtech To Pay Interest To 15 Homebuyers Of Expressway Towers For Delayed Possession

In a recent decision by the Haryana RERA Authority, Ocean Seven Buildtech was ordered to pay interest to homebuyers of the Expressway Towers project due to delayed possession. The company failed to deliver the apartments on time, violating the terms stipulated in the agreement. The Authority's directive aims to compensate the affected buyers for the delay, reinforcing consumer rights under the RERA Act. The case highlights the accountability of developers in adhering to project timelines and the legal recourse available to buyers when faced with breaches of contract. The ruling underscores the importance of timely project completion and the protection of homebuyer interests.