Inordinate Delay Of More Than 10 Years, Haryana RERA Directs Ansal Builders To Refund 1.07 Crores To Homebuyer

The Haryana RERA directed Ansal Builders to refund Rs. 107 crores to homebuyers due to a delay of over 10 years in delivering properties. The Commission cited the builder's failure to meet the scheduled timelines for possession as a violation of contractual and statutory obligations. The ruling reinforces the rights of consumers under the Real Estate (Regulation and Development) Act, ensuring that builders are held accountable for delays. The decision also underlines the importance of timely delivery in the real estate sector, especially when large sums of money are involved.