Punjab RERA – Homebuyer Who Accepts Possession Can't Claim Refund From Builder

In a Punjab RERA case, a homebuyer opted for possession and a refund after a builder failed to complete a project on time. The State Commission ruled in favor of the buyer, directing the builder to refund the amount paid with interest. The decision underscores consumer protection under RERA, emphasizing timely project completion and buyer rights. This case highlights the importance of RERA regulations in safeguarding homebuyers' interests.