'Builders Cannot Hold Buyers' Money Indefinitely': Bombay HC Upholds Interest Relief For Runwal Infinity Homebuyers
The Bombay High Court has upheld MahaREAT's order directing Runwal Constructions to pay 10.05% annual interest to Runwal Infinity homebuyers for delayed possession. The court ruled that builders cannot indefinitely retain buyers' money while postponing possession, reinforcing homebuyer rights under RERA after delays stretching nearly two decades.