Karnataka Tribunal Orders Builder to Refund Buyers with Interest After 9-Year Delay

Dated on: Monday 18th August 2025

The Karnataka Real Estate Appellate Tribunal has directed a Bengaluru-based developer to refund homebuyers along with interest after a nine-year delay in delivering flats. The project, launched in 2012, faced repeated extensions but remained incomplete, leaving buyers in distress. The tribunal upheld the state RERA’s earlier order, stressing that developers cannot indefinitely hold buyers’ money without fulfilling commitments. It instructed the builder to return the invested amount with applicable interest, reinforcing RERA’s role in safeguarding consumer rights and ensuring accountability in long-delayed real estate projects.