RERA Orders Omaxe to Pay Buyers for Delayed Penthouse Possession

A significant ₹44.5 lakh payout has been ordered by RERA Chandigarh against Omaxe New Chandigarh Developers Pvt. Ltd. This ruling is for delayed possession of a penthouse unit in their 'The Lake' project in New Chandigarh. While buyers secured compensation for the delay, RERA upheld contractual terms for super area charges. This serves as a strong alert for real estate buyers and investors in Chandigarh, highlighting RERA's commitment to ensuring builder accountability for project timelines. In your opinion — is this positive or negative for buyers?