RERA Impact: Builder asked to pay Rs 2.56 crore compensation and foreclose homebuyer’s housing loan due to 7-year delay in possession of flat

Karnataka RERA: A homebuyer who took home loan to buy an apartment in Bengaluru faced challenges when the bank started charging the EMIs but construction of the apartment was nowhere near complete. RERA orders the builder to give Rs 2.56 crore to the homebuyer and also foreclose the home loan. Read below to know how the homebuyer won.