Haryana RERA Orders Raheja Developers To Pay Interest To Homebuyer For Delayed Possession

In a recent decision by the Haryana Real Estate Regulatory Authority (RERA), Raheja Developers has been directed to pay interest to a homebuyer for delayed possession of a property. The authority found that the builder failed to deliver the property within the stipulated time frame, violating the terms of the agreement. The ruling underscores the need for developers to adhere to delivery schedules and provides a precedent for similar cases. Homebuyers are entitled to seek compensation for delays, reinforcing consumer protection in real estate transactions.