The NCDRC has ruled that developers must obtain Occupancy Certificates before handing over possession, entitling homebuyers to full refunds with interest if this requirement is violated, marking a major win for consumer protection in India's real estate sector.

The National Consumer Disputes Redressal Commission has ruled that developers offering possession without an Occupancy Certificate must refund homebuyers with interest, setting a landmark precedent for buyer protection.

Haryana RERA orders Agrante Realty to pay 11.1% annual interest to Kavyam project homebuyers in Gurgaon for possession delays beyond February 2024 deadline.

HRERA mandates Ocean Seven Buildtech to pay 11.10% annual interest to OSB Expressway Towers buyers for eight-year possession delay, rejecting developer's excuses and enforcing strict compliance measures.

MahaRERA has issued recovery warrants worth ₹90 crore against Honest Shelters Pvt Ltd for the troubled Palais Royale project in Worli, following IIFL Finance Ltd's complaints about non-compliance with possession handover orders.

MahaRERA orders Pune builder P M Construction to pay monthly interest to police official for delayed flat possession in Oak View Residency project. Developer must deliver flat with OC within 30 days. Major win for homebuyer rights under RERA Act Section 18. Read full case details and ruling impact.

With the Real Estate Regulation Act (RERA) already into force, buyers who have owned properties in ongoing real estate projects will enjoy an interest of 10.9% per year incase of any delay in possession.