Haryana RERA Orders Raheja Developers To Refund Three Homebuyers Of Raheja Revanta Project

The Haryana Real Estate Regulatory Authority (RERA) ordered Raheja Developers to refund three homebuyers of the Raheja Revanta project with interest. The homebuyers had purchased flats in 2012 and were promised possession by 2016, but the builder failed to deliver even after a seven-year delay. The RERA found that the possession clause in the agreement was vague and biased in favor of the builder. Under Section 18(1) of the RERA Act, the homebuyers were entitled to withdraw from the project and seek a refund due to the inordinate delay. The authority directed the builder to refund the amounts paid by the homebuyers with interest at 11.10% per annum.