RERA impact: Homebuyer to get Rs 65 lakh compensation for delay of over 9 years in possession of a flat in Gurgaon

A Haryana homebuyer's nine-year wait for their property ended with a RERA order compelling the builder to pay Rs 65 lakh due to extensive delays. The builder's cited reasons, including Covid-19 and regulatory issues, were dismissed. This ruling reinforces RERA's commitment to protecting homebuyers' rights and ensuring builders adhere to agreed timelines, setting a precedent for similar cases. Read below to know the impact for homebuyers.