Article
MahaREAT Upholds Homebuyers’ Right To Interest, Rejects Waiver And Arbitration Defences
Delay in handing over possession remains one of the most persistent issues in the Indian real estate sector. Homebuyers often make substantial financial commitments based on possession timelines promised by developers, and delays result in significant hardship, including continued rent obligations, loan repayments, and blocked investments. To address these concerns, the Real Estate (Regulation and Development) Act, 2016 (“RERA Act”) introduced a statutory framework ensuring greater transparency, accountability, and protection for allottees, including the right to claim interest and compensation for delayed possession.
India
Real Estate