Haryana RERA Holds Ansal Housing and Co-Promoter Jointly Liable For Delay In Handing Over Commercial Unit, Orders Payment Of Interest

Haryana RERA holds Ansal Housing liable for commercial unit possession delay, mandating compensation. The Haryana Real Estate Regulatory Authority (RERA) has held Ansal Housing Limited and its co-promoter, Samyak Projects Pvt. Ltd., jointly and severally liable for the delay in handing over possession of a commercial unit. The Authority directed them to pay delayed possession compensation at an interest rate of 11.10% per annum from the due date of possession (June 30, 2021) until actual delivery. This ruling emphasizes accountability for developers and ensures that homebuyers are compensated for project delays as per RERA provisions.