RERA Directs Developer to Pay ₹12 Lakh Yearly for Loss of Rent

Worried about possession delays in Bengaluru? Karnataka RERA just sent a strong message to developers. They've ordered Surya Homes and Bagpack Suites Bangalore Pvt Ltd to pay a homebuyer ₹12 lakh annually for 'loss of rent' on a flat in Surya Elegance. This is for failing to deliver possession despite full payment and sale deed execution. An additional ₹2 lakh was awarded for mental agony. This is a significant alert for developers and a potential precedent for buyers facing similar issues. Aapko kya lagta hai — positive ya negative for buyers?