Haryana RERA – Homebuyers Can Claim Interest For Delayed Possession After Execution Of Conveyance Deed

The Haryana RERA authority has mandated a real estate developer to pay interest to homebuyers due to delayed possession of their properties. The delay has resulted in a claim from the buyers for compensation and execution of the conveyance deed. The RERA adjudicating officer directed the builder to rectify the delay, provide interest compensation, and complete the conveyance deed process. The ruling emphasizes the builder's accountability for timely delivery and proper documentation, aiming to protect consumer rights and ensure adherence to contractual obligations.