Builder delaying flat possession? What homebuyers can do under RERA and consumer protection law
New Delhi, Aug. 14 -- Delayed possession is one of the most common grievances faced by homebuyers, often forcing them to wait years beyond the promised delivery date. This may become a financial burden for the homebuyer, especially if they are paying home loan EMIs while continuing to live in a rented house and paying rent.
If such a thing happens, you can still receive help. Homebuyers can explore several legal and financial options under the Real Estate (Regulation and Development) Act (RERA). Through the below mentioned steps, an aggrieved homebuyer may be able to seek a refund, claim interest for the delay, or pursue compensation depending on the facts of the case.
If a homebuyer is facing delayed possession, they can take the follo...
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