RERA impact: Homebuyer to get Rs 65 lakh compensation for delay of over 9 years in possession of a flat in Gurgaon

A Gurgaon homebuyer has been awarded ₹65 lakh in compensation by Haryana RERA due to a nine-year delay in receiving possession of a flat. The ruling, issued on March 19, 2025, holds the builder accountable for failing to deliver the property, which was promised in 2015. Despite full payment by the buyer in 2013, the builder's excuses, including COVID-19 and regulatory issues, were dismissed by RERA. The compensation, calculated at an 11.01% interest rate on the paid amount from the original possession date, underscores RERA's role in protecting homebuyers' rights. This landmark decision reinforces the legal obligation of developers to adhere to timelines and ensures accountability in real estate projects, setting a precedent for similar disputes in the region.