Informative

Karnataka RERA Directs Ozone Urbana Infra Developers To Refund Rs. 61.6 Lakh To Homebuyer For Delayed Possession

Update / Judgement Date

23 Jan 2025

Source

Live Law

Author

Team — WCP Legal Desk

Reading Time

1 min read

RERA & Property Act

The Karnataka Real Estate Regulatory Authority (RERA) has directed Ozone Urbana Infra Developers to refund ₹6.16 lakh to a homebuyer for delayed possession. The complaint was filed by the homebuyer, who was promised possession of the property within a certain timeframe, but the developer failed to deliver. RERA found the developer guilty of not adhering to the agreed timeline and failing to communicate with the buyer regarding the delay. As a result, RERA ordered the developer to refund the amount along with interest, emphasizing consumer protection and accountability in the real estate sector.

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Karnataka RERA Directs Ozone Urbana Infra Developers To Refund Rs. 61.6 Lakh To Homebuyer For Delayed Possession

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