Haryana RERA Orders Vatika Builders To Refund Rs. 84.34 Lakhs To Homebuyer For Delayed Possession

Haryana RERA ordered Vatika Builders to refund ₹8.43 crore to a homebuyer for delayed possession of a property. The complainant had booked a flat with Vatika Builders, but the possession was delayed beyond the agreed-upon date. Despite several reminders and requests, the builder failed to deliver the flat on time. RERA ruled that the delay violated the contractual agreement and ordered the builder to return the amount paid by the homebuyer along with interest. The decision underscores the importance of timely delivery of properties and holds developers accountable for delays in possession, which often cause significant inconvenience to buyers.