Karnataka RERA Holds Ozone Urbana Infra Developers Liable For Failing To Complete And Hand Over Plot, Orders Rs. 31.46 Lakhs As Refund

The Karnataka Real Estate Regulatory Authority (RERA) has held Ozone Urbana Infra Developers liable for failing to complete and hand over a plotted development to a buyer. The authority ordered the developer to pay ₹31.46 lakhs as a refund to the aggrieved buyer. This decision highlights the responsibility of developers to complete projects and deliver possession as promised to buyers. RERA's intervention in such cases aims to protect the interests of homebuyers and ensure compliance with the RERA Act. The significant refund amount ordered indicates the seriousness of the developer's failure to meet their obligations and the compensation provided to the buyer for the resultant hardship.