Haryana RERA Directs Ramprastha Promoters To Pay Interest, Execute Conveyance Deed In Favor Of Homebuyer

Haryana RERA (Real Estate Regulatory Authority) has directed Ramprastha Promoters to pay interest and execute a conveyance deed in favor of a homebuyer whose possession was delayed. The homebuyer had faced significant delays in possession, and RERA intervened to enforce compliance with the contractual terms. The builder was instructed to pay interest for the delay period and ensure that the conveyance deed, which is required to transfer ownership, is executed in favor of the homebuyer. This ruling reaffirms the importance of transparency and accountability in the real estate sector and reinforces RERA’s mandate to safeguard homebuyers' interests by ensuring that builders fulfill their obligations.