Karnataka RERA Directs Ozone Urbana Infra Developers To Refund Rs. 1.08 Crores To Homebuyer For Delay

Karnataka RERA has directed Ozone Urbana Infra Developers to refund Rs. 10.8 crores to a homebuyer due to project delays. The authority found that the developer had failed to deliver the property within the promised timeframe without justifiable cause. The order includes interest payment on the refund amount to compensate for the delay. This ruling reinforces RERA's commitment to protecting homebuyers' interests and ensuring developer accountability. The decision sets a precedent for similar cases involving project delays and emphasizes the serious financial consequences developers may face for failing to meet their contractual obligations.