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Homebuyers Can Claim Interest on Delayed Possession Even After Getting Keys

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Indian homebuyers are entitled to seek interest compensation from developers for delays in property possession, even after they have accepted the keys. Recent court rulings have clarified that taking possession of a property does not waive a buyer's right to claim such compensation. The Allahabad High Court recently ruled in favour of a homebuyer who faced a significant delay in receiving their property. Buyers can support their claims using sale agreements, payment records, and provisions under RERA regulations. Legal experts emphasise the importance of homebuyers being aware of these rights when dealing with delayed projects.

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