MahaRERA Orders Aurangabad Holiday Resorts To Pay Interest To Homebuyer, Rejects Late Environmental Clearance As Cause For Delay

In Maharashtra, the Aurangabad RERA Tribunal has ruled against a real estate developer for delays in obtaining environmental clearance, which affected the delivery of a holiday resort project. The developer failed to secure the necessary clearance before starting construction, leading to significant delays. The tribunal directed the developer to compensate the homebuyers with interest for the delay. This decision underscores the importance of adhering to environmental regulations and timely project completion to protect consumer rights.