Mohali developer ordered to pay ₹28 lakh interest for delayed flat possession

hindustantimes.com

A developer must pay over ₹28 lakh in interest for a delayed flat possession. Punjab RERA ordered Omaxe, New Chandigarh, to pay the homebuyer ₹28.4 lakh interest and continue monthly compensation for the delayed handover of a flat booked in 2018. The authority found the builder's possession offer invalid as it predated the completion certificate and initiated separate proceedings for non-compliance.


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Mohali developer ordered to pay ₹28 lakh interest for delayed flat possession | News Minimalist