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The Goa Real Estate Regulatory Authority (RERA) has directed Aansav Realty & Infrastructure to hand over possession of a flat in Varca and imposed a penalty of INR 15 lakh for delayed delivery and unlawful cancellation of allotment. The order relates to a 2015 booking valued at approximately INR 53 lakh, where the buyer had already paid a substantial portion of the consideration. RERA has instructed the developer to execute the sale deed and complete possession within a stipulated timeline. The ruling reinforces regulatory scrutiny on project delays and cancellation practices, underscoring the authority’s role in protecting homebuyer interests and ensuring adherence to contractual commitments in the residential sector.
The Goa Real Estate Regulatory Authority (RERA) has directed Aansav Realty & Infrastructure Pvt Ltd to hand over possession of a residential unit to a homebuyer and imposed a penalty of INR 15 lakh, citing delay and wrongful cancellation of allotment. Advertisement
The order, issued in the past week, pertains to a flat located in Varca, Goa, which had been booked in 2015 for a total consideration of around INR 53 lakh. The complainant had paid a significant portion of the agreed amount over the years but did not receive possession within the stipulated timeline.
According to the authority’s findings, the developer cancelled the allotment in March 2023 despite substantial payments having already been made by the buyer. The cancellation was deemed unjustified, prompting the buyer to approach RERA seeking relief, including possession of the flat and enforcement of contractual obligations.
In its order, the authority instructed the developer to execute the sale deed and hand over possession of the unit within 60 days. It also imposed a monetary penalty of INR 15 lakh on the promoter, reflecting non-compliance with the agreement for sale and failure to meet delivery timelines.
The ruling highlights the regulatory framework under the Real Estate (Regulation and Development) Act, 2016, which mandates timely delivery of projects and protects buyers against unilateral actions by developers. RERA authorities are empowered to impose penalties and direct corrective measures in cases of delay, non-registration, or breach of contractual commitments.
The case also underscores a recurring issue in the residential market, where delays in possession and disputes over cancellations have led to increased litigation. Regulatory intervention in such instances is intended to ensure accountability and provide time-bound remedies to aggrieved buyers.
From a sectoral perspective, the order reinforces the growing enforcement role of state RERA authorities in addressing grievances related to delayed delivery and contractual violations. It also signals that developers may face financial and legal consequences for deviations from agreed timelines and processes.
Authorities have maintained that such actions are necessary to strengthen confidence in the housing market, particularly in regions where second-home and resort-style developments form a significant part of the residential supply. The outcome of this case adds to a series of recent rulings where developers have been directed to either deliver units or compensate buyers for delays, contributing to a more compliance-driven operating environment in the real estate sector.
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