Haryana RERA Orders Emaar MGF To Pay Interest To Homebuyer For Delayed Possession

Haryana RERA directed Emaar MGF to pay interest to a homebuyer for delayed possession of their property. The builder had failed to hand over possession as per the terms outlined in the agreement, causing inconvenience and financial loss to the buyer. The RERA panel ruled that the developer was accountable for the delay, which was not justified, and instructed them to compensate the buyer with interest for the prolonged wait. The ruling reaffirms consumer rights in real estate transactions and the responsibility of builders to adhere to timelines.