Haryana RERA Directs Parsvnath Developers To Pay Delay Interest And Execute Conveyance Deed In Favour Of Homebuyer

In a significant ruling, the Haryana Real Estate Regulatory Authority (RERA) directed Parsvnath Developers to compensate a homebuyer for delayed possession by paying interest and executing a conveyance deed. The ruling came after the homebuyer filed a complaint about the developer's failure to deliver the property on time. The RERA emphasized the developer's contractual obligations and the rights of homebuyers to timely possession. This decision underlines RERA's growing role in protecting consumer interests in real estate transactions and ensuring accountability from developers.