If a project is delayed, a buyer may seek a penalty from the developer under RERA provisions. Developers, on the other hand, would be given one more chance to set a reasonable delivery timeline. If the promoter fails to comply yet again, he will be subject to the statutory penalties.
Monnishaa Mahajan, Principal Attorney at Legal Help NRI. Monnishaa has an experience of more than 15 years in assisting and advising NRI's in resolving their disputes in India.