The Karnataka Real Estate Regulatory Authority (K-RERA) has directed Ozone Infra Developers to refund ₹19.87 lakh along with interest to a homebuyer due to a four-year delay in possession of a residential unit. The order, issued on January 2, 2026, was passed by a K-RERA bench based on a complaint filed by the buyer, highlighting delays in project delivery and contractual non-compliance.
According to the regulatory ruling, the complainant had entered into an agreement with Ozone Infra Developers for a residential apartment in a RERA-registered project, which was to be delivered within a specified timeline. The buyer alleged that despite repeated requests and reminders, the developer failed to hand over possession even four years after the agreed possession date, leading to undue financial and emotional hardship.
K-RERA, after reviewing the submissions and documents, held that the developer’s inability to fulfil its contractual timeline amounted to a violation of the Real Estate (Regulation and Development) Act, 2016. The regulator noted that delayed delivery without justified reasons adversely impacts the homebuyer’s rights and confidence in the real-estate transaction. The authority thus ordered a refund of ₹19.87 lakh along with the applicable interest at the rate specified under the RERA provisions.
Regulatory experts say this order underscores K-RERA’s continuing focus on protecting homebuyer interests, ensuring accountability from developers, and upholding statutory delivery timelines. Buyers aggrieved by delayed possession or similar issues can approach the Authority with documented evidence and contract details to seek relief under the RERA framework.
K-RERA’s order serves as an enforcement example where procedural non-compliance and delayed project delivery resulted in a clear refund directive — reinforcing the regulator’s role in safeguarding consumer rights in real-estate transactions.
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