Son fights against builder for property possession delay; wins Rs 37 lakh interest compensation in NCDRC

A RERA (Real Estate Regulatory Authority) ruling has sided with a property buyer who faced delays in possession, ordering the builder to pay ₹37 lakh in interest compensation. The case highlighted the builder’s failure to meet the possession deadline stipulated in the agreement. The NCDRC’s decision underscores the importance of adhering to RERA rules, which aim to protect homebuyers from construction delays and substandard practices. The ruling is a significant precedent for real estate disputes, reinforcing the rights of consumers in property transactions.