MahaRERA - Homebuyers Accepting Partial Refund From Builder Without Interest Can't Later Seek Refund With Interest

A recent Maharashtra RERA (Real Estate Regulatory Authority) decision requires a builder to partially refund a homebuyer who was denied possession of their property. The builder failed to complete the project on time, resulting in the homebuyer seeking compensation. The RERA authority ruled in favor of the buyer, ordering the builder to refund a portion of the paid amount along with interest. This decision underscores RERA's role in protecting homebuyers' rights and ensuring timely project completion. The ruling emphasizes the authority's commitment to fair practices and accountability in real estate transactions.