Rajasthan REAT Directs Indian Railway Welfare Organisation To Pay Interest On Refund Amount To Homebuyer

The Rajasthan Real Estate Appellate Tribunal (REAT) directed the Indian Railway Welfare Organisation to pay interest on a refund to a homebuyer. The homebuyer had cancelled the allotment due to delays, and while the organisation refunded the principal amount, it denied interest on the refund. The tribunal found that withholding the interest amounted to unjust enrichment and directed the organisation to pay interest from the date of deposit until the refund. This case highlights the protection granted to consumers under real estate laws, ensuring timely refunds and fair compensation for delays in property handovers.