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Rera tribunal tells builder to refund Rs 1 cr for late possession

The tribunal did not accept the builder's argument that buyers, by their action, had accepted the revised possession date and hence can seek no refund now

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File photo of an under-construction building

File photo of an under-construction building

Stating that a builder cannot change the date of possession unilaterally, the Maharashtra Real Estate Regulatory Authority's (RERA) appellate tribunal directed a construction firm to refund around Rs 1.1 crore with interest to two persons who had withdrawn from a delayed project. As per the tribunal, the project was delayed by three years.

Also Read: Maharashtra RERA instructs builders to give back interest paid to 15 home-buyers

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