MahaRERA Orders Spenta Builders To Pay Interest To Homebuyer For Delay In Handing Over Possession

In a recent case under Maharera, Spenta Builders were ordered to pay interest to a homebuyer for delaying possession of the property. The Maharashtra Real Estate Regulatory Authority (Maharera) ruled that the builder must compensate the buyer for the delayed possession, emphasizing consumer protection in real estate transactions. The decision underscores Maharera's role in enforcing timely delivery of properties and protecting buyers' rights in the real estate sector.