Son Wins Rs 37 Lakh Compensation for Property Possession Delay in Landmark NCDRC Ruling

                In a significant judgment, the National Consumer Disputes Redressal Commission (NCDRC) has ordered a builder to pay Rs 37 lakh as interest compensation to a homebuyer for an 
inordinate delay in handing over property possession. The complainant, a son fighting for justice on behalf of his family, argued that the builder failed to meet the promised timeline for 
delivering the residential property, causing financial and emotional distress.

The compensation was calculated based on the agreed interest rate on the amount already paid by the buyer. This case highlights the growing reliance on consumer forums like the 
NCDRC and the Real Estate (Regulation and Development) Act (RERA) to address grievances in the real estate sector.

Such rulings are reshaping the landscape of Indian real estate by holding builders accountable and ensuring better protection for homebuyers. The decision reinforces the importance of 
timely project completion and adherence to contractual obligations, making it a landmark victory for consumers across the country. Learn how this ruling could influence future real estate 
disputes and improve transparency and accountability in the sector