The Supreme Court of India has ruled that homebuyers can claim compensation for delayed possession of flats even after taking custody, setting aside a 2016 NCDRC order and reviving a 2005 complaint.
The Supreme Court ruled that homebuyers can pursue compensation for delayed property possession even after taking possession of their flat. The court set aside an NCDRC order, stating that accepting possession doesn't extinguish the right to claim damages for prior delays. It also affirmed that arbitration clauses cannot block access to consumer forums.
Thousands of Indian homebuyers face delays, rising EMIs, and broken promises from builders. The Real Estate (Regulation and Development) Act, 2016 (RERA) provides legal remedies. This guide explains homebuyers' rights, compensation claims, and how to file a RERA complaint.
