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Punjab RERA Orders ₹25 Lakh Compensation for Delayed Home Possession
Dated on: Friday 29th May 2026Punjab RERA has directed a real estate developer to pay nearly ₹25 lakh to homebuyers for failing to deliver possession of a housing unit on time. The authority ruled that the delay would be counted from the original booking date instead of the agreement signing date, strengthening protection for buyers. Punjab RERA also dismissed the builder’s explanation for the delay and stressed that developers must follow promised timelines. The decision is being considered a significant precedent for similar real estate disputes and has been welcomed by homebuyers as a strong move toward accountability, transparency, and stricter enforcement of consumer rights.
