Section 40 of RERA : Section 40: Recovery Of Interest Or Penalty Or Compensation And Enforcement Of Order, Etc

RERA

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Explanation using Example

Imagine a scenario where a homebuyer, Mrs. Sharma, has purchased an apartment from a real estate developer, Sunshine Builders. The developer promised to deliver the apartment within 24 months, but failed to do so. Mrs. Sharma files a complaint with the Real Estate Regulatory Authority (RERA) claiming delay in possession and seeking compensation for the same. The RERA adjudicating officer rules in favor of Mrs. Sharma and orders Sunshine Builders to pay a penalty and compensation for the delay.

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