MahaRERA Orders Jayesh Buildcon To Pay Interest To Homebuyers For Delay In Handing Over Possession

In a recent ruling, Maharashtra RERA directed Jayesh Buildcon to compensate homebuyers for delayed possession of flats in Mumbai. The authority emphasized that interest should be paid to buyers as per the agreed terms, even if the delay was caused by factors beyond the builder's control. This decision underscores RERA's commitment to protecting consumer rights and ensuring timely completion of real estate projects. Such rulings set a precedent for accountability in the real estate sector, promoting transparency and trust among homebuyers.