Project Under Construction Builder/Authority Not Giving Possession Refund/Possession/Delay Penalty From RERA
We help you Claim COMPENSATION for Delayed Possession or Claim Refund with interest from projects without Delay
A buyer can file a case and send legal notice to the builder for delay in possession under the RERA Act, 2016 or transfer their case from a CDRC to the State Real Estate Regulatory Authority. According to this Act, a builder will have to pay 10% interest on the value of the property for delayed possession of flats.Delay Penalty From RERA
Even in the case, the promoter’s registration is cancelled, the buyer will have the right to a refund. And, in case the buyer does not want to withdraw from the project and do not want a refund, the promoter has to pay interest for every month of delay, till the handing over of the possession.
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